1,995 SqFt
1,995 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 1,995 sqft
Price per Sqft $177
MLS Listing ID 1668442
HOA Fees $350/ann
HOA Y/N Yes
Year Built 2007
Tax Year 2025
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Office
Source Maine Listings
Land Area 1995
Property Description
This investment offering features a well-located commercial property in the heart of Bridgton, Maine, fully occupied by Saco Bay Orthopedic & Sports Physical Therapy, a nationally recognized healthcare provider and one of the largest outpatient rehabilitation networks in the United States.
Saco Bay occupies the entire building under a Modified Gross lease that has been extended through December 2029, demonstrating a long-term commitment to the location. The lease includes cost of living increases, providing investors with consistent income growth and dependable cash flow.
Strategically positioned on Main Street across from Renys, a well-established regional retailer and community destination, the property benefits from strong visibility and a location within one of Bridgton's primary commercial corridors. The surrounding area serves both year-round residents and seasonal visitors, supporting a healthy mix of retail, service, and professional businesses.
Bridgton continues to experience growth driven by its desirable location, recreational amenities, and proximity to the Lakes Region and western Maine mountains. The area's increasing popularity among residents, visitors, and businesses supports long-term demand for quality commercial real estate.
With a long-term lease extension in place, annual contractual rent increases, and an established healthcare tenant, this property presents an attractive opportunity for investors seeking stable income in a growing western Maine market. For investors seeking additional scale, the seller is also offering a second property leased to Saco Bay Orthopedic & Sports Physical Therapy, creating the opportunity to acquire multiple assets backed by the same established tenant.
Location
State ME
County Cumberland
Zoning DowntownVillageBiz1
Rooms
Basement None, Slab
Interior
Interior Features Storage
Heating Electric, Heat Pump
Cooling Heat Pump
Flooring Carpet, Tile
Equipment Internet Access Available
Exterior
Parking Features 5 - 10 Spaces, Paved, On Street, Off Street
Waterfront Description Nearby
Roof Type Shingle
Accessibility 32 - 36 Inch Doors, 36 - 48 Inch Halls, Accessible Approach with Ramp
Building
Lot Description Business District, Downtown, Near Shopping
Story 1
Foundation Slab
Water Public
Others
Tax ID BRGT-000023-000000-000031
Virtual Tour https://www.propertypanorama.com/instaview/mreis/1668442
