4,178 SqFt
4,178 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,178 sqft
Price per Sqft $89
MLS Listing ID 1668449
HOA Y/N No
Year Built 1900
Tax Year 2025
Lot Size 0.660 Acres
Acres 0.66
Property Sub-Type Office
Source Maine Listings
Land Area 4178
Property Description
This investment offering features a well-located commercial property in the heart of Norway, Maine, anchored by Saco Bay Orthopedic & Sports Physical Therapy, a nationally recognized healthcare provider. The tenant occupies the majority of the approximately 4,178± square foot building under a Gross lease recently renewed through December 2029, providing stable occupancy and dependable income.
Additional space within the building is available for lease, creating the potential for increased revenue through a second tenant. Shared common areas support efficient building operations while offering flexibility for future occupancy needs.
Strategically positioned on Main Street directly across from MaineHealth Stephens Hospital, the property benefits from exceptional visibility and a location within one of the region's established healthcare corridors. The surrounding area features a mix of professional offices, retail businesses, restaurants, and community services that support consistent traffic and long-term demand. Norway and neighboring communities, including Oxford, have experienced continued residential and commercial growth, further strengthening the area's economic outlook.
Saco Bay Orthopedic & Sports Physical Therapy is part of one of the nation's largest outpatient rehabilitation networks, adding the strength and stability of a well-established healthcare tenant to the investment profile.
With a long-term lease in place, additional leasable space, and a highly visible location, this property presents a compelling investment opportunity with both stable income and future upside potential. 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 Oxford
Zoning NA
Rooms
Basement Partial, Unfinished
Interior
Interior Features Storage
Heating Oil, Baseboard, Hot Water, Zoned
Flooring Carpet, Vinyl, Wood
Exterior
Parking Features 5 - 10 Spaces
Waterfront Description River/Brook/Stream
Roof Type Metal,Shingle
Building
Lot Description Business District, Downtown, Near Shopping
Foundation Stone, Poured Concrete, Brick/Mortar
Water Public
Others
Tax ID NORY-000029-000000-000032
Virtual Tour https://www.propertypanorama.com/instaview/mreis/1668449
