For Sale
$799,000

27 Mill StWaldoboro, ME 04572

Prime Maine medical office, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 4,136 square foot medical office building situated on a 1.73-acre lot in Waldoboro, Maine. The single-story building, constructed in 1993 and renovated in 2001 and 2010, is zoned VILLAGE and offers a strong net lease investment with a 9.77% cap rate and a net operating income (NOI) of $73,202. The asking price is $799,000. Currently serving the community with Adolescent & Young Adult Medicine, Geriatric Medicine, and Family Medicine, this property provides ample space for medical professionals. Its strategic location and substantial lot size offer potential for future expansion or development. This property represents a compelling investment opportunity in a thriving Maine community, combining strong financial returns with a vital role in local healthcare. The building's current configuration is well-suited to its existing medical tenants, ensuring a stable income stream. This is a rare chance to acquire a well-maintained, income-producing medical office building in a desirable location.

Highlights

  • $799,000 asking price for this medical office building.
  • Net lease investment opportunity with a 9.77% cap rate.
  • 4,136 square feet of space in a single-story building.
  • $73,202 Net Operating Income (NOI).
  • Built in 1993, renovated in 2001 and 2010.
  • Situated on a 1.73-acre lot in Waldoboro, Maine, zoned VILLAGE.

Property Details for 27 Mill St

Property type
Office properties, Medical offices
Square Feet
4,136 SF
Year Built
1993
Stories
1
Lot Size (sq. ft)
75,359 SF

Location Insight

City
Waldoboro
County
Lincoln
State
Maine
Latitude
44.099510634912
Longitude
-69.381451694539
27 Mill St, Waldoboro, Maine

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27 Mill St
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