Versatile Commercial Building with
1306 Main Street Sanford, ME 04073
For Sale
$1,180,000
7288 SF commercial building with retail and flexible space.
Property Size7,288 SF
Lot Size1.98 Acres
Price / SF$161.91
Days on Market508
Property Features for 1306 Main Street
General Information
- Standard status
- Active
- Size
- 7,288 SF
- Lot size
- 1.98 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1979
Listing Agency:
EXP Realty
(207) 450-3230
Listed By:
Roslind Anton
(207) 450-3230
Source:
Exitrealty
Added: Mar 5, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty
Investment Insights
Based on property information with market context.
This commercial building offers a total of 7288 square feet, including 1200 square feet of retail space. The property features approximately 3200 square feet of flexible, heated space with 12-foot ceilings, a forced hot air (FHA) system, a washing bay, and overhead doors. In 2004, the owner added 2000 square feet of cold storage space along with a 1068 square foot mezzanine. The location benefits from high visibility, excellent signage, and paved parking for over 20 cars. It is situated across from Otto's pizza and near the new location for Chase Bank, enhancing its accessibility and appeal for various business ventures.
Key Highlights
- 7288sf total building size with flexible space options.
- 1200sf retail space.
- 3200+\/- sf of flexible heated space with 12' ceilings, FHA system, washing bay, and overhead doors.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $160.0k | $21.96 |
| − Vacancy | −$2.9k | −$0.39 |
| EGI | $157.2k | $21.57 |
| − OpEx | −$55.0k | −$7.55 |
| NOI | $102.2k | $14.02 |
7,288 SF · lease $21.96/SF/yr · vacancy 1.79% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.46M
$1.28M – $1.70M
NOI $102,167 @ 7.0% cap · market cap 8.66%
Second Best
Retail
$1.26M
$1.11M – $1.48M
NOI $88,505 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,718 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Taylor Rental
(Bike/Boat/Book/etc) Store
U-Haul Neighborhood Dealer
Car Rental Facility
FAQs
What type of property is this?
Flex space - 7288 SF commercial building with retail and flexible space.
Where is this flex space located?
The property is located at 1306 Main Street Sanford, ME.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: 7288sf total building size with flexible space options.; 1200sf retail space.; **3200+\/- sf of flexible heated space with 12' ceilings, FHA system, washing bay, and overhead doors.**
