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23 Roosevelt Trl 8,800 SF Retail Building Casco, ME 04015 $799,000 ($90.80/SF) 9.15% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Two free-standing units
  • Long-term tenant in place
  • Stable and reliable income source
  • Over 11,000 VPD (Vehicles Per Day)
  • On-site parking available
  • Investment or owner-occupy option

EXECUTIVE SUMMARY

Discover an exceptional investment opportunity with these two freestanding
buildings totaling 8,800 square feet in Casco, ME. One unit (4,800SF)
features a long-term medical marijuana tenant, offering a stable and
reliable source of income. The second unit (4,000SF) is available for lease as an
investment or for owner occupancy

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
8,800 SF
Building Class
C
Year Built
2005
Price
$799,000
Price Per SF
$90.80
Cap Rate
9.15%
NOI
$73,125
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.84 AC
Zoning
Commercial
Parking
10 Spaces (1.14 Spaces per 1,000 SF Leased)

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Medical Cannabis
  • -
  • 99,999 SF
  • $9.99
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Medical Cannabis - 99,999 SF $9.99 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
CASC-000015-000006-A000003
Land Assessment
$87,100 (2024)
Improvements Assessment
$405,700 (2024)
Total Assessment
$492,800 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 33524039

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 23 Roosevelt Trl, Casco, ME 04015

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