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Multi-Use Commercial Space 86 Parsons St

4,368 SF 100% Leased Retail Building Presque Isle, ME 04769 $1,157,200 CAD ($265 CAD/SF) 8.31% Cap Rate

INVESTMENT HIGHLIGHTS

  • Heavy Auto & ATV Traffic
  • Great Location
  • New Construction

EXECUTIVE SUMMARY

Welcome to one of Presque Isle's premier commercial properties. This multi-use building has recently been renovated to provide an ideal location for car and equipment sales. However, the location and amenities would make this an ideal location for ANY entrepreneur or business owner. There are currently 8 gas pumps with 2 grades of gasoline and 4 pumps for diesel. The expertly designed and maintained interior holds 2 private offices, a generous showroom, an immaculate studio apartment (think owner occupy or income generating space), and a 3 bay heated garage with Rotary lift. No detail has been spared in construction with 3 private bathrooms, washer dryer hookup, 1 oversized garage bay for tractors, and plenty of storage space and parking in rear of building. Not to mention the direct access to snowmobile and ATV trails across the street, the expanding Presque Isle airport, and central location to many major local businesses and residential neighborhoods.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Service Station
Building Size
4,368 SF
Building Class
C
Year Built
2021
Price
$1,157,200 CAD
Price Per SF
$265 CAD
Cap Rate
8.31%
NOI
$96,149 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.08
Lot Size
1.18 AC
Zoning
Commercial - URD2 & BUSINESS
Parking
21 Spaces (4.81 Spaces per 1,000 SF Leased)

AMENITIES

  • Corner Lot
  • Air Conditioning

NEARBY MAJOR RETAILERS

Tim Hortons
TD Bank
CrossFit
Rent-A-Center
Keybank
Governor's Restaurant & Bakery
Ruby Tuesday
IGA
  • Listing ID: 33993357

  • Date on Market: 2024-11-25

  • Last Updated:

  • Address: 86 Parsons St, Presque Isle, ME 04769

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