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Wiscasset Marketplace - For Sale 681 Bath Rd 33,018 SF Retail Building Wiscasset, ME 04578 $1,975,000 ($59.82/SF) 7.57% Cap Rate
INVESTMENT HIGHLIGHTS
- LONG-TERM LEASES: Subway, Marketplace Café and Garden Island Cleaners have been at the property for 10+ years.
- A RARE OPPORTUNITY: The property is one of the four largest properties in Wiscasset.
- The property has excellent frontage, ample parking, and benefits from strong traffic counts of over 17,878 +/- vehicles per day.
- Bath Ale Works recently extended its lease demonstrating their commitment to the property.
- The property is located on US Route 1, directly across from Shaw’s Supermarket and adjacent to McDonald’s.
- Approximately 9,807 people live within a 5-mile radius of the property with an average household income of $103,460.
EXECUTIVE SUMMARY
An exceptional chance to own one of the four largest commercial properties in Wiscasset, Wiscasset Marketplace. Located on the highly traveled Bath Road (Route 1), this 33,018 +/- SF retail and service-oriented center sits on 6.3 +/- acres with excellent visibility, high daily traffic, and a solid tenant mix.
Built in 1980 and zoned BR (Regional Business), the property is well-suited for a range of retail, service, and professional uses, with excellent visibility and accessibility to the 17,878 +/- vehicles per day that travel this corridor.
The center is anchored by a diverse mix of tenants including Bath Ale Works, Ashley Kate Aesthetics & Co., Midcoast Beauty Suites, Marketplace Café, Subway, Garden Island Cleaners, and Great Life Water. This property is located directly across from Shaw’s and adjacent to McDonald’s with Shaw’s serving as a shadow-anchor. This tenant lineup offers stable income and a solid foundation for investment, with upside potential from leasing three currently available suites plus a pad site. These vacancies present an excellent opportunity for additional revenue, making this a strong value-add opportunity.
This property combines size, location, and flexibility in one of Maine’s most scenic and growing regions. Wiscasset Marketplace has a strong history as a retail property in a primary retail corridor which makes it a great opportunity for commercial property investors or owner-users seeking space for their business.
Maine Broker of Record – Michael Cobb – Colliers
Built in 1980 and zoned BR (Regional Business), the property is well-suited for a range of retail, service, and professional uses, with excellent visibility and accessibility to the 17,878 +/- vehicles per day that travel this corridor.
The center is anchored by a diverse mix of tenants including Bath Ale Works, Ashley Kate Aesthetics & Co., Midcoast Beauty Suites, Marketplace Café, Subway, Garden Island Cleaners, and Great Life Water. This property is located directly across from Shaw’s and adjacent to McDonald’s with Shaw’s serving as a shadow-anchor. This tenant lineup offers stable income and a solid foundation for investment, with upside potential from leasing three currently available suites plus a pad site. These vacancies present an excellent opportunity for additional revenue, making this a strong value-add opportunity.
This property combines size, location, and flexibility in one of Maine’s most scenic and growing regions. Wiscasset Marketplace has a strong history as a retail property in a primary retail corridor which makes it a great opportunity for commercial property investors or owner-users seeking space for their business.
Maine Broker of Record – Michael Cobb – Colliers
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
33,018 SF
Building Class
C
Year Built/Renovated
1980/1996
Price
$1,975,000
Price Per SF
$59.82
Cap Rate
7.57%
NOI
$149,461
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
6.30 AC
Zoning
BR (Regional Business)
Parking
126 Spaces (3.62 Spaces per 1,000 SF Leased)
Frontage
425’ on Bath Rd
PROPERTY TAXES
| Parcel Number | WISC-000017-000000-000005U | Improvements Assessment | $1,163,600 |
| Land Assessment | $329,200 | Total Assessment | $1,492,800 |
PROPERTY TAXES
Parcel Number
WISC-000017-000000-000005U
Land Assessment
$329,200
Improvements Assessment
$1,163,600
Total Assessment
$1,492,800
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Wiscasset Marketplace - For Sale | 681 Bath Rd
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