32 York StYork, ME 03909

Property Details for 32 York St

Year built

1992

Lot size

0.69 AC

Property size (Sq ft)

2,548 SF

Zone code

RT1

Property type

Office properties

Property subtype

Other office properties

APN

YORK M:0048 B:0045 L:0001

APU

YORKM0048B0045L0001

Description

This exceptional single-tenant office building at 32 York Street in York, Maine, presents a compelling investment opportunity. The property, situated on a 1.38-acre lot, boasts a total of 5,094 square feet, with 2,248 square feet currently vacant. Built in 1992, this Class B building features a single story and offers ample parking with 14 spaces. The property is zoned RT1 and has a 200-amp power supply. The building's layout is ideal for a variety of uses, particularly executive or medical offices. The convenient location in York, Maine, offers easy access to local amenities and a strong regional economy. The property's single-tenant occupancy provides stability and potential for long-term growth. The substantial vacant space presents an excellent opportunity for expansion or lease to a new tenant. The property's features include a well-maintained structure, ample parking, and a desirable location. This is a rare opportunity to acquire a well-positioned office building in a thriving Maine community. The Assessor's Parcel Number (APN) is 31280_114-045, and the property is located in York County. The building's single-story design offers easy accessibility and efficient use of space. This property is ready for immediate occupancy or lease, making it an attractive investment for both owner-occupiers and investors seeking a strong return. The zip code is 03909.

• CAP approach

  CAP return

  Valuation

  6%

  $421,260

  6.5%

  $388,856

  7%

  $361,080

• Comparable approach

  Method

  Valuation

  Relative Method

  $332,922

  Geo Method

  $332,922

• Alternative Use

  Use

  Valuation

  Residential

  $482,181

  Hospitality

  $441,675

  Educational

  $367,469

  Medical

  $380,107

  Retail

  $571,618

Location Insight

City

York

County

York

State

Maine

Latitude

43.1501

Longitude

-70.6624

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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