Waterboro ME Real Estate & Commercial for Sale

MANY OPPORTUNITIES POSSIBLE-With this commercial property located on Main Street in Waterboro! Front building is currently Country Girl Cafe and Sandwich Shop. Back building, what was once a car wash, could be used for multiple options. Repair shop, office space, etc. Square footage is based on town records. Cafe is approximately 952 square feet. Back building is approximately 4,356 square feet. Buyers are encouraged to do their own due diligence with the Town of Waterboro for interested use.

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.

What a location to put in any multitude of businesses! This 4.5+/- acre property with 3 existing curb cuts is located right at the intersection of well traveled Route 202 and Route 5. Currently home to Woodsome's Feed and Needs! Woodsome's is a great place to get anything for home or farm. The store specializes in feed, agricultural, and miscellaneous retail items. Very profitable business with options for expansion. As part of the 4.5+/- acres is an additional lot with 420' owned on the corner of Main St (Rt 5) and Old Mast Rd. Great location and traffic count. Multiple buildings.

Lots of options at this highly visible location. Has been used for automotive repair and maintenance, this building has six 10' garage doors and office space on the first floor with living quarters on the second floor. High traffic count on Route 202 in Waterboro. The Village zone allows for a wide variety of uses.