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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

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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.

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

Aroma Joe's
Chase Bank
TD Bank
Flagstar Bank N.A.
Taylor Rental Ctr
Starbucks
Planet Fitness
Shaw's
Applebee's
Rent-A-Center
  • Listing ID: 36271319

  • Date on Market: 6/16/2025

  • Last Updated:

  • Address: 1247 Main St, Sanford, ME 04073

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