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Property profile & analytics
OFF-MARKET Estimated value $730,000
Retail properties & Spaces

14 Morris St Sanford, ME 04073-4123

6,768 SF 0.33 ac lot Built 1950
Individually Owned 17-yr Hold Free & Clear
Property ID
US42-0474524
Property summary
AI-generated overview

This exceptional mixed-use property at 14 Morris St, Sanford, ME 04073, offers 6,768 square feet of adaptable space, perfect for a variety of business ventures. Priced at $679,000 ($100.33 per square foot), this owner-user investment opportunity presents significant redevelopment potential. The building, constructed in 1950, boasts 14+ foot ceilings, providing ample vertical space. Its functionality is enhanced by two loading docks and drive-in bays, catering to diverse operational needs. The 14,468 square foot lot is zoned U, permitting residential and multifamily uses, further expanding its possibilities. Located in York County within the Portland-South Portland MSA, this property benefits from a thriving business environment. This multi-tenant building, classified as distribution, storefront, and warehouse space, is ideal for entrepreneurs seeking a location that can grow with their business. The combination of its flexible zoning, ample space, and convenient location makes this a truly unique opportunity. This is a redevelopment opportunity for an owner-user seeking a versatile space in a prime location.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1950
Construction FRAME
Total area 6,768 SF
Lot 0.33 ac (14,468 SF)
Zoning code IB
APN SANF M:0K36 B:45
UPID US42-0474524
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$730k
Owner & transaction history
John C Simms · 17 yrs held
John C Simms
since 2008
1 recorded transaction
2008
Price N/A
Zoning & alternative use
IB · Sanford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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