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23 Roosevelt Trl 8,800 SF Retail Building Casco, ME 04015 $799,000 ($90.80/SF) 9.73% Cap Rate
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 free-standing 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, providing flexibility for the prospective investor/owner, this property is a multifunctional gem, featuring a spacious interior and two drive in doors suited for retail, flex, or industrial use, it offers the perfect canvas for a variety of business needs.
Situated on busy Route 302 with over 11,000 vehicles per day, with excellent frontage and ample parking, the property ensures high visibility and accessibility for maximum exposure.
Don't miss out on this prime opportunity to secure a valuable asset in a lucrative location, with multiple income streams and potential for further growth.
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, providing flexibility for the prospective investor/owner, this property is a multifunctional gem, featuring a spacious interior and two drive in doors suited for retail, flex, or industrial use, it offers the perfect canvas for a variety of business needs.
Situated on busy Route 302 with over 11,000 vehicles per day, with excellent frontage and ample parking, the property ensures high visibility and accessibility for maximum exposure.
Don't miss out on this prime opportunity to secure a valuable asset in a lucrative location, with multiple income streams and potential for further growth.
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
Property Subtype
Freestanding
Building Size
8,800 SF
Building Class
C
Year Built
2005
Price
$799,000
Price Per SF
$90.80
Cap Rate
9.73%
NOI
$77,749
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.84 AC
Zoning
Commercial - 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 | - |
Not walkable
10/100
Exceptionally drivable
90/100
Not bikeable
10/100
Property Taxes
| Parcel Number | CASC-000015-000006-A000003 | Total Assessment | $492,800 (2024) |
| Land Assessment | $87,100 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $405,700 (2024) | Tax Year | 2025 |
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
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23 Roosevelt Trl
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