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150 US ROUTE 1 2,816 SF Retail Building Freeport, ME 04032 $750,000 ($266.34/SF) 7.36% Cap Rate
Investment Highlights
- Fully leased; Single Tenant NNN
- Built in 2004
- 1.26± acres
Executive Summary
Fully leased (NNN) commercial investment opportunity in a highly visible and desirable Freeport location. Situated on 1.26 acres along US Route 1 and I-295, this 1,616± SF, 1.5-story commercial building offers a strong combination of established tenancy, onsite parking, and long-term ownership potential. Built in 2004 and zoned General Commercial, the property provides flexibility for a variety of commercial uses. The property offers further development potential, including a second-floor apartment in the main building and additional development opportunities with the land. Currently, this is a single commercial unit and a well-maintained site. This is an attractive opportunity for an investor seeking an income-producing asset in the Greater Freeport market. Located in between US Route 1 and I-295 highlights excellent visibility and convenient access to Freeport, Brunswick, Portland, and surrounding communities. A compelling opportunity to acquire a leased commercial property with valuable land, established infrastructure, and multiple potential long-term uses. NOTE: Real Estate is for sale. Not the business.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,816 SF
Building Class
C
Year Built
2004
Price
$750,000
Price Per SF
$266.34
Cap Rate
7.36%
NOI
$55,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.26 AC
Zoning
C1 - General Commercial
Parking
25 Spaces (8.88 Spaces per 1,000 SF Leased)
Frontage
176’ on US ROUTE 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | FPRT-000026-000066-E000000TC | Improvements Assessment | $283,500 |
| Land Assessment | $236,400 | Total Assessment | $519,900 |
Property Taxes
Parcel Number
FPRT-000026-000066-E000000TC
Land Assessment
$236,400
Improvements Assessment
$283,500
Total Assessment
$519,900
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150 US ROUTE 1