SQUARE FEET15,176
MLS#1652311
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
PRICE CORRECTION! 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 bounces 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 - Business
Cooling: Heat Pump
Heating: Blowers
Lot Size: 1.60 Acres
Roof Type: Metal, Shingle
Taxes: $13,526
Year Built: 1987
Feature Descriptions
Electric: Circuit Breakers
Flooring: Heavy Duty
Lot: Business District
Sewer: Mound Septic
Water: Private, Well
Listed By / Shown By
Listed By
Agency Name: John Graham Real Estate
Agency Phone: 207-491-1660
Shown By
Agency Title: Jean Jenkins - Vacationland Realty
Agency Phone: (207) 745-4522
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 $1,225,000. Search Buxton real estate on www.vacationlandrealtymaine.com today.