237 Portland RoadBridgton, ME 04009MLS Number 1490228

  • Price: $940,000
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Federal 30-year interest rate: 2.93% last updated on Jun 17, 2021
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Pending
237 Portland Road Bridgton ME 04009237 Portland Road Bridgton ME 04009237 Portland Road Bridgton ME 04009237 Portland Road Bridgton ME 04009
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  • 1.68Acreage
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
Listed by Keller Williams Realty

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Coldwell Banker American Heritage Real Estate
Coldwell Banker American Heritage Real Estate
Office: 207-942-6773
510 Broadway
Bangor, ME 04401

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More Info

Location Information

  • Building Number237
  • StreetPortland Road

Property

  • Acreage1.68
  • Sq Ft Finished Total8,120
  • Leased LandNo

Property Information

  • Property UsesAuto Service, Freestanding Building, Net Leased, Office Building, Retail, Vehicle Related
  • Zoning OverlayNo

Tax Information

  • Tax Year2,020

Location

  • StateME
  • TownBridgton
  • Zip04009
  • LocationBusiness District
  • CountyCumberland
  • Map9

Basic Information

  • List Price$940,000
  • MLS Number1490228
  • Address237 Portland Road
  • Broker NameKeller Williams Realty
  • Modification Date06/01/2021
  • Agent ID003530
  • Broker ID1898
  • MLS StatusPending

Photos

  • Number of Photos4
  • Last Img Trans Date05/04/2021

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