Current Use by Public Records
- Commercial real estate
Property Details for 231 Main St
- Year built
- 1949
- Lot size
- 1.97 lot acres
- Property type
- Commercial real estate
Description
This exceptional commercial property located at 231 Main Street in Waterboro, Maine, presents a rare investment opportunity. The portfolio comprises four buildings totaling 13,808 square feet situated on a generous 1.97-acre lot. Three of the buildings are currently occupied by established tenants: The Blue Door gift shop, Community Creations (another gift shop), and Worster Automotive. This provides a stable income stream for the new owner. The property boasts a large parking lot with ample space for customers and employees, enhanced by the convenience of two curb cuts for easy access and egress. The location on Main Street ensures high visibility and accessibility, placing the property in a prime commercial area with significant foot and vehicle traffic. This presents a unique chance to acquire a well-established, multi-tenant commercial property with strong existing income and significant growth potential. The property's size and layout offer flexibility for future expansion or adaptation to meet evolving market demands. The substantial parking area is a key advantage in a busy commercial district. This is an ideal investment for those seeking a diversified portfolio with immediate cash flow and long-term appreciation potential. The property is offered at $850,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterboro
- County
- York
- State
- Maine
- Longitude
- -70.6806
- Latitude
- 43.5724
