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56 Elm St 11,691 SF 100% Leased Retail Building Camden, ME 04843 $2,250,000 ($192.46/SF) 8.20% Cap Rate
INVESTMENT HIGHLIGHTS
- INVESTORS TAKE NOTICE!
EXECUTIVE SUMMARY
INVESTORS TAKE NOTICE! Incredible opportunity to own a large mixed use complex (9 residential units/ 3 commercial spaces) in downtown Camden, a stones throw from the harbor. Most of the units have been updated and the building is fully occupied making this a turn key investment opportunity for its next owner. Walk to the harbor in literally minutes and enjoy all Camden has to offer!
FINANCIAL SUMMARY (ACTUAL - 2024) 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 (ACTUAL - 2024) 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
Property Type
Retail
Property Subtype
Building Size
11,691 SF
Building Class
C
Year Built
1876
Price
$2,250,000
Price Per SF
$192.46
Cap Rate
8.20%
NOI
$184,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.07
Lot Size
0.25 AC
Zoning
B1 - Downtown Business
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | CAMD-000119-000142 | Total Assessment | $1,132,100 |
| Land Assessment | $347,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $784,600 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
CAMD-000119-000142
Land Assessment
$347,500
Improvements Assessment
$784,600
Total Assessment
$1,132,100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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56 Elm St
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