About this home
Fully leased commercial investment opportunity in a highly visible and desirable Freeport location. Situated on 1.26 acres along US Route 1 and I-295, this 1,616± SF, 1.5-story commercial building offers a strong combination of established tenancy, onsite parking, and long-term ownership potential. Built in 2004 and zoned General Commercial, the property provides flexibility for a variety of commercial uses. The property offers further development potential, including a second-floor apartment in the main building and additional development opportunities with the land. This is an attractive opportunity for an investor seeking an income-producing asset in the Greater Freeport market. Located in between US Route 1 and I-295 highlights excellent visibility and convenient access to Freeport, Brunswick, Portland, and surrounding communities. A compelling opportunity to acquire a leased commercial property with valuable land, established infrastructure, and multiple potential long-term uses. NOTE: Real Estate is for sale. Not the business. Lease in place until May 31, 2032. Tenant pays all utilities. Owner pays property tax, property insurance and minor building maintenance.
Listing last checked: Listing updated:
Listed by Listing Agent · Portside Real Estate Group · MLS #1675705
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Details at a glance
Interior3 property facts
- Heating
- Oil, Baseboard
- Cooling
- Heat Pump
- Flooring
- Carpet, Laminate, Ceramic Tile
Building4 property facts
- Style
- General Commercial
- Year built
- 2004
- Foundation
- Poured Concrete
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 1.26 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- GC
Location
Estimated monthly cost
Explore costs at the $695,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,514 / monthAdjust
- Principal & interest
- $3,514
- Property tax
- Not entered
- Insurance
- Not entered
- HOA
- Not entered
Annual property taxes were not supplied. HOA amount was not supplied.
Partial estimate: add property tax, insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 150 U.S. 1
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