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    237 Portland Road

    Bridgton, ME 04009
    • $749,000
    • STATUS: Active
    • MLS #: 1490228
    $749,000
    • 0
      BEDS
    • 1.68
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,120
      SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Mortgage Calculator tool is provided by BoomTown.

    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.
    © 2021 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2021-09-26T23:47:21.707.
    www.yoursouthernmaineagent.com/homes/116767336
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    237 Portland Road Bridgton, ME 04009

    • Price: $749,000
    • Status: Active
    • MLS #: 1490228
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.68
    Acres
    8,120
    SQFT
    $92
    $/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.

    © 2021 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.
    © 2021 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2021-09-26T23:47:21.707.
     
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    Keller Williams Realty
    50 Sewall Street
    Portland ME, 04102
    Mortgage Calculator tool is provided by BoomTown.