Ideal 1031 investment opportunity with the fully-leased 10,112 +/- SF Phase 1 building and conditional approvals in place for Phases 2 and 3. It's a yield & value-add play; earn 8.32+% stabilized unlevered return with unrealized value from...
$1,750,000
10,112
Sq Ft.
Interior
9.6 Acres
Exterior
Commercial
Property type
2019
Year Built
1578408
Web Id
1578408
MLS ID
School Administrative District 57
School District
2.0000
Buyer Agency Compensation
About 1041 Main Street
Ideal 1031 investment opportunity with the fully-leased 10,112 +/- SF Phase 1 building and conditional approvals in place for Phases 2 and 3. It's a yield & value-add play; earn 8.32+% stabilized unlevered return with unrealized value from conditionally approved plans and some infrastructure in place. Cost to build Phase 1 and secure conditional approvals and infrastructure for the other buildings and associated land costs today would far exceed its list price. Town of Waterboro is business-friendly and would consider changes to the building dimensions if a buyer is interested. Light industrial (flex space) building would be an ideal use for Phase 2 and 3, among other uses. There is a dearth of such space in the area. Other permitted uses include retail, office and residential. Family Dollar and Ace Hardware are located to the right of the Village Plaza.
"Listing Courtesy of EXP Realty, MREIS MLS"
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.