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Multi-Tenant Investment Opportunity 502-510 Belfast Augusta Rd 9,198 SF 100% Leased Retail Building Liberty, ME 04949 $706,304 CAD ($76.79 CAD/SF) 7.54% Cap Rate
EXECUTIVE SUMMARY
The property features two long-term retail tenants with under market rents and a freestanding 28-unit self-storage facility, offering diversified revenue streams.
The site is strategically located on a major route between Augusta and Belfast, benefiting from high traffic volumes and excellent visibility.
Neighboring businesses & amenities include Circle K, Lake St. George Apartments, Lake St. George Brewing Company, and Lake St. George State Park among others.
New roof installed in 2019, reducing near-term capital expenditure concerns.
Sale Price: $510,000 (7.54% Cap Rate)
The site is strategically located on a major route between Augusta and Belfast, benefiting from high traffic volumes and excellent visibility.
Neighboring businesses & amenities include Circle K, Lake St. George Apartments, Lake St. George Brewing Company, and Lake St. George State Park among others.
New roof installed in 2019, reducing near-term capital expenditure concerns.
Sale Price: $510,000 (7.54% Cap Rate)
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Building Size
9,198 SF
Building Class
C
Year Built
1980
Price
$706,304 CAD
Price Per SF
$76.79 CAD
Cap Rate
7.54%
NOI
$53,255 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
2.00 AC
Zoning
Commercial
Parking
35 Spaces (3.81 Spaces per 1,000 SF Leased)
Frontage
195’ on Belfast Augusta Road
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- John's Ice Cream
- Accommodation and Food Services
- -
- -
- -
- Lori's Cafe
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| John's Ice Cream | Accommodation and Food Services | - | - | - | ||
| Lori's Cafe | Accommodation and Food Services | - | - | - |
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Multi-Tenant Investment Opportunity | 502-510 Belfast Augusta Rd
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