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Sanford Plaza 1247 Main St 92,282 SF 100% Leased Retail Building Sanford, ME 04073 $5,500,000 ($59.60/SF) 7.96% Cap Rate



EXECUTIVE SUMMARY
Sanford Plaza is a well-established, 98,282 +/- square-foot retail shopping plaza strategically located along Main Street (Route 109), a primary commercial corridor in Sanford, Maine. The plaza benefits from strong visibility, easy access, and a high-traffic location in one of southern Maine’s fastest-growing communities.
Sanford Plaza represents a rare opportunity to acquire a stabilized retail asset with strong tenants, long-term income security via inline and ground leases, and future upside potential in a growing market. Ideal for investors seeking immediate cash flow and durable retail tenancy in a supply-constrained regional market.
Sanford Plaza represents a rare opportunity to acquire a stabilized retail asset with strong tenants, long-term income security via inline and ground leases, and future upside potential in a growing market. Ideal for investors seeking immediate cash flow and durable retail tenancy in a supply-constrained regional market.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Supermarket
Building Size
92,282 SF
Building Class
B
Year Built/Renovated
1965/1982
Price
$5,500,000
Price Per SF
$59.60
Cap Rate
7.96%
NOI
$438,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
5 Exterior
Building FAR
0.19
Lot Size
11.00 AC
Zoning
SB
Parking
460 Spaces (4.98 Spaces per 1,000 SF Leased)
Frontage
659’ on Main St
AMENITIES
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
1 of 11
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MATTERPORT 3D EXTERIOR
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Sanford Plaza | 1247 Main St
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