Embed Size (px)
Citation preview
MALONE COMMERCIAL BROKERS 5 Moulton Street, Portland, ME 04101 207.772.2422 main www.malonecb.com
CHERI BONAWITZ CCIM, BROKER 207.210.6638 direct [email protected]
KAREN RICH BROKER 207.210.6637 direct [email protected]
INVESTMENT / INCOME | Office & Mixed Use Development 4 HIGHLAND AVENUE | SCARBOROUGH, MAINE
4 Highland Avenue - Scarborough |
HIGHLIGHTS
ST. MAXIMILIAN KOLBE
LOCATION
The property is located directly on Highland Avenue just east of the intersection with Black Point Road (Route 207). The property is about midway between the Black Point Community Park to the east and Nonesuch River to the west. Scarborough’s Oak Hill retail corridor and business district, U.S. Route 1 and Route 114 are only minutes away.
207
HIGHLAND AVE
HIGHLAND AVE
BLACK POINT RD
BLACK POINT RD
EXISTING BUILDING
The existing 4,255± SF building has been used by a Maine engineering and energy consulting firm for its headquarters.
It is an excellent place for continuation as professional offices and services uses while offering multiple opportunities for expansion and mixed use development on property’s nearly one acre site.
Freestanding 2-story building with annex comprised of office, light industrial and storage spaces
Built in 1700; refurbished in 2006 and 2018 Town of Scarborough Historical Building Tax Credits
10± parking on-site parking spaces
Meticulously maintained with numerous improvements that include:
6” concrete floor in basement with retaining walls, floor drains and sump-basin with underground discharge piping
Brazilian cherry solid hardwood flooring Insulated and electric overhead door (10’ x 7.45’) Hearthstone stoves in five sealed fireplaces Rinnai-type heater units with programmable thermostats for hearthstone
stoves and local controls on Rinnai Ground floor sensors and alarm Expanded parking lot design submittal package documentation available
(pre-approved by town in 2006-2007)
This document has been prepared by Malone Commercial Brokers for advertising and general information only. Malone Commercial Brokers makes no guarantees, representations or warranties of any kind, expressed or implied, regarding, but not limited to, warranties of content, accuracy, and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Malone Commercial Brokers excludes unequivocally all informed or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages there from. All data is subject to change of price, error, omissions, other conditions or withdrawal without notice. Malone Commercial Brokers is acting as the Seller’s/Lessor’s agent in the marketing of this property. 5.23.18
4 Highland Avenue - Scarborough |
ADDRESS: 4 Highland Avenue, Scarborough, ME 04074
LAND AREA: 0.97± acre
FRONTAGE: 326± feet LOT DIMENSIONS: See existing site layout plan
ZONE: TVC3 (Town & Village Centers Fringe District) TOTAL BUILDINGS: 1
EXISTING USE: Commercial/Office WATER & SEWER: Public
PARKING: 10± on-site
TOTAL ASSESSED VALUE: $468,900. (Reassessment occurring in 2018 per Town Assessor for commercial properties)
REAL ESTATE TAXES: $5,258.66 (2017-2018)
DEED REFERENCE: Registry of Deeds Book 24012, Page 81
MAP & LOT #: Map R08, Lot 1016
PROPERTY SUMMARY
GENERAL INFORMATION
This property is also available for lease Contact brokers for leasing information
BUILDING SIZE: 4,255± SF EXISTING CONFIGURATION: See floor plans
BUILT: 1700 (Renovations and/or additions in 2006 and 2018) STORIES: 2
FOUNDATION: Stone and brick; new 6” concrete floor in basement with retaining walls, floor drains & sump-basin with underground discharge piping
CONSTRUCTION: Woodend post and beam EXTERIOR: Clapboard cover with vinyl siding
ROOF: Pitched, asphalt shingles CEILINGS: 8’ 2” to 8’ 11” (first floor); 7’ (second floor)
FLOORING: Original wide-board pine; new Brazilian cheery solid hard-wood 5” wide (installed 2006-2007)
LIGHTING: Mix of ceiling & wall-mounted fixtures throughout
ELECTRICAL: 200 amp, 240/120 volts, 60 hz, single phase (*three phase located at the street, very close)
HVAC: Hearthstone stoves in 5 sealed fireplaces & Rinnai-type heater units w/programmable thermostats for stoves & local controls on Rinnai. Fuel: Propane A/C window units
LOADING/UNLOADING: Electric, insulated overhead door (10’ wide x 7’ 4.5” high)
RESTROOMS: 1 (full bath with laundry hook-ups)
OTHER: Developable open attic space with 3 windows; full kitchen
SALE PRICE: $825,000.
BUILDING OVERVIEW
4 Highland Avenue - Scarborough |
FLOOR PLANS
NOTES:
Full bath on 1st floor with laundry hook-ups
Kitchen on 1st floor
Server room and IT office on 1st floor
Conference room on 1st floor
Full size and electronic copies of plans available
Square footage summary and matrix of interior and exterior dimensions is available
Contact broker for all copies
4 Highland Avenue - Scarborough |
PHOTOS
1st FLOOR
MALONE COMMERCIAL BROKERS | 5 MOULTON ST, 3RD FL | PORTLAND, ME 04101 | 207.772.2422 | MALONECB.COM
2nd FLOOR
4 Highland Avenue - Scarborough |
EXISTING SITE LAYOUT
FULL SIZE & ELECTRONIC COPIES AVAILABLE ‐ CONTACT BROKER
EXISTING BUILDING
EXISTING PARKING LOT
4 Highland Avenue - Scarborough |
The property offers the potential for residential or commercial units, or a combination (within the existing building and/or in a new building)
Potential mixed uses include:
Professional services firm: engineering, accounting, graphic design, legal, counseling, etc.
Construction company/contractor: offices, shop, garage and equipment storage
Multi-unit residential units, town homes
Day care (large yards, full kitchen, bath with laundry, increased parking potential)
Restaurant / Bistro / Tavern
Retirement Community / Campus
Small scale retail
Subject to the Town of Scarborough’s TVC3 (Town & Village Centers Fringe District)
Permitted uses include residential, mixed and non-residential uses
Development at a scale and uses at an intensity which are compatible with surrounding areas
“Conceptual Site Development Plan” on next page shows a residential duplex concept.
SITE DEVELOPMENT
This document has been prepared by Malone Commercial Brokers for advertising and general information only. Malone Commercial Brokers makes no guarantees, representations or warranties of any kind, expressed or implied, regarding, but not limited to, warranties of content, accuracy, and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Malone Commercial Brokers excludes unequivocally all informed or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages there from. All data is subject to change of price, error, omissions, other conditions or withdrawal without notice. Malone Commercial Brokers is acting as the Seller’s/Lessor’s agent in the marketing of this property. 5.23.18
PARKING EXPANSION MIXED USE DEVELOPMENT
3-D renderings of new and expanded parking lot 10 parking spaces currently exist New parking lot plan would add approximately 10 more parking
spaces Current owner applied for new parking lot with the Town of
Scarborough in 2006-2007, which was pre-approved. Design and submittal package available on request
4 Highland Avenue - Scarborough |
CONCEPTUAL SITE DEVELOPMENT PLAN
FULL SIZE & ELECTRONIC COPIES AVAILABLE ‐ CONTACT BROKER
INVESTMENT / INCOME | Office & Mixed Use Development 4 HIGHLAND AVENUE | SCARBOROUGH, MAINE
Radius: 1 mile Total Residential Population 2,778
Average Household Income $121,292
Total Businesses 56 Total Employees 858
3 mile Total Residential Population 15,365 Average Household Income $107,262 Total Businesses 917 Total Employees 14,559
5 mile Total Residential Population 39,889 Average Household Income $93,823 Total Businesses 2,450 Total Employees 40,895
Source: U.S. Census Bureau, Census 2010 Summary File 1, Esri forecast for 2017, InfoGroup Inc.
CALL KAREN OR CHERI FOR FURTHER DETAILS & TO ARRANGE A PROPERTY TOUR
CHERI BONAWITZ CCIM, BROKER 207.210.6638 direct [email protected]
KAREN RICH BROKER 207.210.6637 direct [email protected]
AREA STATISTICS
SUBJECT
