155 Saco Ave - Office FOR SALE


Old Orchard Beach, ME 04064
$690,000 USD
207-446-3333
155 Saco Ave, Old Orchard Beach, ME for Sale
$690,000 USD
Office - FOR SALE
1/68
null | Request Cap Rate

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155 Saco Ave
Old Orchard Beach, ME 04064


OVERVIEW

Located directly on Saco Avenue in one of Old Orchard Beach’s most visible commercial corridors, 155 Saco Avenue presents an excellent opportunity to acquire a well-positioned office investment. The property is a two-owner condominium building comprised of six total units. The offering consists of one owner’s interest, including three condominium units totaling approximately 6,047± square feet, situated on 1.50± acres with ample on-site parking and convenient access for employees and visitors. The property provides opportunity for additional development. Strategically positioned adjacent to the town’s only traffic signal, the property benefits from exceptional exposure, strong traffic counts, and easy wayfinding for clients and customers. The three professional office suites included in the offering are: • Unit 2B – 2,228± SF (currently vacant) • Unit 1C – 1,554± SF (owner-occupied) • Unit 2C – 2,265± SF (owner-occupied) With one suite available for immediate occupancy and two suites currently utilized by the owner, the property offers flexibility for an owner-user seeking to offset occupancy costs, an investor pursuing income potential, or a business looking to establish a presence in a highly recognizable and accessible location.

FOR SALE DETAILS

PRICE

$690,000 USD

PRICE/SF

$77 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

GB-1

APN/PARCEL ID

OOBH-000207-000002-000012-000001A

ASK ABOUT THIS PROPERTY

Douglas EricksonSVN The Masiello GroupMore Info
207-446-3333

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Douglas EricksonSVN The Masiello GroupMore Info
207-446-3333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.