SQUARE FEET15,176
MLS#1652311
STATUSActive
PROPERTY TYPECommercial - Retail
Property Description
Located on the corner of Narragansett Trail (Route 202) and Main Street/Portland Road, and at a lighted intersection, this highly visible property is available for sale. Aubuchon recently made a significant investment in upgrading the space it has occupied since 2003. Aubuchon has an NNN lease with performance bonuses that runs through 2043. There is also an additional 3,500+/- square foot two floor front section awaiting the next owners. A strong 7.5% Cap Rate with front section vacant! Over 10% Cap Rate when leased! Perfect for an owner user looking for a high visibility location or the investor looking to add value. Priced to sell and encouraging offers.
Property Features
Property Type: Commercial - Retail
Basement: Bulkhead, Crawl Space, Slab
Cooling: Heat Pump
Heating: Multi-Fuel System, Blowers
Lot Size: 1.60 Acres
Roof Type: Metal, Shingle
Taxes: $13,526
Year Built: 1987
Feature Descriptions
Accessibilitiy: 36+ Inch Doors, Level Entry
Electric: Circuit Breakers
Exterior: Wood Frame, Steel Frame, Metal Clad, Wood Siding
Flooring: Heavy Duty
Foundation: Block
Lot: Business District
Parking: 21+ Spaces
Sewer: Mound Septic
Water: Private, Well
Listed By / Shown By
Listed By
Agency Name: John Graham Real Estate
Agent Name: John Graham
Agency Phone: 207-491-1660
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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400 Narragansett Trail | MLS# 1652311
This commercial property located at 400 Narragansett Trail, Buxton, ME 04093 is currently listed for sale with an asking price of $1,325,000. Search Buxton real estate on www.masiellogrouprealestate.com today.