14 Morris StSanford, ME 04073

Property Details for 14 Morris St

Year built

1950

Construction

FRAME

Lot size

0.33 AC

Property size (Sq ft)

6,768 SF

Zone code

IB

Property type

Retail properties

Property subtype

Other retail properties

APN

SANF M:0K36 B:45

APU

SANFM0K36B45

Description

This exceptional mixed-use property at 14 Morris St, Sanford, ME 04073, offers 6,768 square feet of adaptable space, perfect for a variety of business ventures. Priced at $679,000 ($100.33 per square foot), this owner-user investment opportunity presents significant redevelopment potential. The building, constructed in 1950, boasts 14+ foot ceilings, providing ample vertical space. Its functionality is enhanced by two loading docks and drive-in bays, catering to diverse operational needs. The 14,468 square foot lot is zoned U, permitting residential and multifamily uses, further expanding its possibilities. Located in York County within the Portland-South Portland MSA, this property benefits from a thriving business environment. This multi-tenant building, classified as distribution, storefront, and warehouse space, is ideal for entrepreneurs seeking a location that can grow with their business. The combination of its flexible zoning, ample space, and convenient location makes this a truly unique opportunity. This is a redevelopment opportunity for an owner-user seeking a versatile space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,644,860

  6.5%

  $1,518,332

  7%

  $1,409,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,228,453

  Geo Method

  $2,228,453

• Alternative Use

  Use

  Valuation

  Residential

  $1,280,770

  Hospitality

  $1,173,179

  Educational

  $976,071

  Medical

  $1,009,640

  Retail

  $1,518,332

Location Insight

City

Sanford

County

York

State

Maine

Latitude

43.4254

Longitude

-70.7677

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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