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Mill Mall 248 state street Ellsworth me. 248 State St 85,370 SF 100% Leased Retail Building Ellsworth, ME 04605 $7,950,000 ($93.12/SF) 8.11% Cap Rate
EXECUTIVE SUMMARY
Rare Retail Strip Center for sale located in Ellsworth ME which is located in the gateway to the Bar Harbor Region! This 85,370 +/- SF retail strip center Anchored by Dunkin’ has been maintained by the owners for many years offering under market rents giving the new owner lots of upside potential. This very unique property offers 26 separate rental units leased to a variety of long term tenants offering an abundance of parking making this a premiere add value property! Please call for further info.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
85,370 SF
Building Class
B
Year Built
1950
Price
$7,950,000
Price Per SF
$93.12
Cap Rate
8.11%
NOI
$644,363
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
7.26 AC
Opportunity Zone
Yes
Zoning
U
Parking
400 Spaces (4.69 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | ELLH-000138-000053-000000-000000-W1501R | Improvements Assessment | $4,413,970 |
| Land Assessment | $946,660 | Total Assessment | $5,360,630 |
PROPERTY TAXES
Parcel Number
ELLH-000138-000053-000000-000000-W1501R
Land Assessment
$946,660
Improvements Assessment
$4,413,970
Total Assessment
$5,360,630
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Mill Mall 248 state street Ellsworth me. | 248 State St
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