Description
Three-unit Village Plaza condominium complex is improved with a 9,984 +/- SF building (Phase 1) and has approvals for up to 19,998 square feet for Phases 2 and 3, respectively. it's a value-add play with Phase 1 netting a 8.0% return. Light industrial (flex space) building would be an ideal use for Phase 2 and 3, among other uses. There is a dearth of such space in the area. Other permitted uses include retail, industrial, office and residential. Town of Waterboro is business-friendly and would consider changes to the building dimensions if a buyer is interested.New Family Dollar and Ace Hardware are located to the right of the Village Plaza.
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0BEDS
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9.6ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Three-unit Village Plaza condominium complex is improved with a 9,984 +/- SF building (Phase 1) and has approvals for up to 19,998 square feet for Phases 2 and 3, respectively. it's a value-add play with Phase 1 netting a 8.0% return. Light industrial (flex space) building would be an ideal use for Phase 2 and 3, among other uses. There is a dearth of such space in the area. Other permitted uses include retail, industrial, office and residential. Town of Waterboro is business-friendly and would consider changes to the building dimensions if a buyer is interested.New Family Dollar and Ace Hardware are located to the right of the Village Plaza.
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2022 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2022-07-06T14:48:19.083.
