Outstanding investment and/or redevelopment opportunity. 5.1+/- acres parcel with outstanding visibility and traffic counts. Run as Blue Haven Motor Court for over 40 years with outstanding long term and stable rental history from 33 units. Current cap rate = 12%. Potential cape rate = 20%.
Building FeaturesCable, Internet Access Available, Storage
Sq Ft Finished Total16,168
LocationNear Airport, Near Shopping, Near Turnpike/Interstate
Heating FuelGas Bottled, Oil, Propane
Waste Water DisposalPrivate Sewer, Septic Existing on Site
Number of Photos48
Last Img Trans Date03/08/2021
Address1015 Portland Road
Broker NameBenchmark Real Estate
Property UsesBar/Tavern/Lounge, Bed and Breakfast, Child Care, Church, Commercial, Development, Flex, Governmental, Hotel/Motel, Medical, Mobile/Trailer Park, Other, Resort, Restaurant, Retail, Self Storage
Parking Spaces21+ Spaces, On Site, Paved
Experience says it all:
I live 4hrs away from the house and land Phil has sold for me and I could not be happier. Phil has gone above and beyond, from checking on house during storm ,to doing repairs, to keeping me informed of local event, I consider Phil a friend and a great agent!