- 3Units
- 10,112SqFt
-
$1,750,000 Price
- Type: Retail
- 3 Units
- Year Built: 2019
- 10,112 SqFt
- 9.6 Acres
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 Files
- Year Built 2019
- Lot Size 9.6 acres
- County York
- City Waterboro
- Zone Village
- Location Business District
- Full Tax Amount $14,954.00
- Tax Year 23
- Association Fee $0.00
- Leases Yes
- Total Units 3
- Basement Slab
- Equipment Internet Access Available, Cable
- Construction Wood Frame
- Exterior Clapboard
- Basement Slab
- Roof Composition
- Floors Carpet, Composition, Tile, Wood
- Heat System Forced Air, Hot Water
- Heat Fuel Propane
- Gas Bottled
- Electric Circuit Breakers,Three Phase
- Water Public
- Waste Water Disposal Septic Existing on Site
- Parking 21+ Spaces, Paved