60 Forest Falls DrYarmouth, ME 04096

Property Details for 60 Forest Falls Dr

Year built

2002

Construction

FRAME

Lot size

0.75 AC

Property size (Sq ft)

4,271 SF

Zone code

21

Property type

Office buildings

APN

YMTH M:011 L:001 U:014

APU

YMTHM011L001U014

Description

This exceptional 1,450 square foot medical office space is situated within a larger 8,600 square foot multi-tenant building at 60 Forest Falls Drive. Built in 2002 and zoned for commercial use, this property offers an excellent opportunity for medical professionals seeking a well-maintained and conveniently located practice. The space boasts ample natural light and enjoys views of the Royal River, creating a pleasant and productive work environment. Each exam room is equipped with water access, a significant advantage for medical practices. The building's location offers easy accessibility, being conveniently situated just off US Route One, ensuring high visibility and convenient access for patients. The remaining 7,150 square feet of the building is currently occupied, indicating a strong and stable tenant base. This property presents a rare opportunity to acquire a move-in ready medical office space in a desirable location with excellent access and amenities. The property is zoned for commercial use, ensuring flexibility and potential for future expansion. The building's modern construction and well-maintained condition further enhance its appeal. This is an ideal space for a growing medical practice seeking a high-quality, accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $706,124

  6.5%

  $651,807

  7%

  $605,249

• Comparable approach

  Method

  Valuation

  Relative Method

  $558,049

  Geo Method

  $558,049

• Alternative Use

  Use

  Valuation

  Residential

  $808,240

  Hospitality

  $740,344

  Educational

  $615,957

  Medical

  $637,141

  Retail

  $958,156

Location Insight

City

Yarmouth

County

Cumberland

State

Maine

Latitude

43.8058

Longitude

-70.187

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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