10 Main St 9,400 SF Retail Building Phillips, ME 04966 $239,000 ($25.43/SF)



INVESTMENT HIGHLIGHTS
- Large retail space or industrial space
- 2 storage buildings at the back
- Plenty of parking in front of building
EXECUTIVE SUMMARY
Fantastic opportunity to own a large industrial retail store or warehouse building on a charming historic main street. For decades the large 60' x 120' metal building served as a hardware store for the local towns and was only recently converted to serve as a warehouse and distribution center. The building features a metal frame, concrete floors, metal ceiling with a rubber membrane, 2 large furnaces, LED light fixtures, small office and a large industrial wood furnace as a backup or supplemental heat source. The 7200 sq.ft space can be used as one large commercial area or easily split into 2 separate 60 x 60' retail units with separate doors and even separate furnaces. Includes 2 additional buildings at the rear. One an industrial grade detached metal storage building with 2 floors totaling 1600 sq.ft and the other a solid 600 sq.ft concrete storage building that used to be a TDS Telecom exchange. Great visibility and parking along the main street. The property has plenty of opportunity for retail and commercial use.
TAXES & OPERATING EXPENSES (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Taxes |
$3,239
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$0.34
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Operating Expenses |
$1,800
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$0.19
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Total Expenses |
$5,039
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$0.54
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PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
9,400 SF
Building Class
B
Year Built
1970
Price
$239,000
Price Per SF
$25.43
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.54
Lot Size
0.40 AC
Zoning
Commercial - This is the first property on Main street and the street houses several other commercial and residential properties.
Parking
15 Spaces (1.6 Spaces per 1,000 SF Leased)
Frontage
152’ on Main
PROPERTY TAXES
Parcel Number | PHIS-000001U-000000-000053 | Total Assessment | $168,700 |
Land Assessment | $14,900 | Annual Taxes | $3,239 ($0.34/SF) |
Improvements Assessment | $153,800 | Tax Year | 2023 |