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237 Portland Road

Bridgton, ME 04009
  • $700,000
  • STATUS: Active
  • MLS #: 1490228
UPDATED: 61 min ago
$700,000
  • 0
    BEDS
  • 1.68
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,120
    SQFT
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

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Description

Attractive net leased investment offering now available in Bridgton. The property has a long history as a NAPA Auto Supply and is home to the Bridgton Water District. This two building offering has provided stable investment income with below market lease rates. The lease to NAPA has an increase in rent upon lease renewal for another 5 year term and the bump in rent mid term for the Water District provides increased cash flow in the near future. NOI- $70,433 Year offered at a 7.5% cap rate

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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: 2022-01-26T19:47:22.87.
www.linscottrealestate.com/homes/116767336
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237 Portland Road Bridgton, ME 04009

  • Price: $700,000
  • Status: Active
  • On Site: Days
  • Updated: 61 min ago
  • MLS #: 1490228
0
Beds
0
Baths
0
½ Baths
1.68
Acres
8,120
SQFT
$86
$/SQFT
Neighborhood:
Bridgton
County:
Cumberland
Area:
Bridgton
Property Description
Attractive net leased investment offering now available in Bridgton. The property has a long history as a NAPA Auto Supply and is home to the Bridgton Water District. This two building offering has provided stable investment income with below market lease rates. The lease to NAPA has an increase in rent upon lease renewal for another 5 year term and the bump in rent mid term for the Water District provides increased cash flow in the near future. NOI- $70,433 Year offered at a 7.5% cap rate
Property Features

Full Tax Amount Amount 7729.00 Leased Land No Location Business District Property Uses Auto ServiceFreestanding BuildingNet LeasedOffice BuildingRetailVehicle Related Surveyed Unknown Tax Year 2020 Zoning None Zoning Overlay No

Listing provided courtesy of Keller Williams Realty.

© 2022 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.

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: 2022-01-26T19:47:22.87.
 
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Linscott Real Estate
22 Cottage Road
South Portland ME, 04106
Mortgage Calculator tool is provided by BoomTown.