FOR SALE 2 INDUSTRIAL BUILDINGS
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1 FOR SALE 2 INDUSTRIAL BUILDINGS 10 ALDRICH AVE and/or 24 ALDRICH AVE. - NORWAY, ME 10 ALDRICH AVE 24 ALDRICH AVE RARE OPPORTUNITY IN OXFORD COUNTY 2 INDUSTRIAL BUILDINGS FOR SALE Can be sold separately or together 10 Aldrich Avenue - Sale Price: $1,200,000 24,000± SF Industrial Building ± Acres Clear span interior, 2,500 SF of which is office Steel frame; security & sprinkler system; 3 overhead doors Ceiling heights are 12 to 18 at the eaves 24 Aldrich Avenue - Sale Price: $525,000 10,300± SF Industrial Building ± Acres Clear span interior, 2,100 SF of which previous used as office 3 overhead doors; security & sprinkler system, steel frame High bay 17 max eave height SALE PRICE FOR BOTH PROPERTIES: $1,500,000 MIKE ANDERSON, BROKER direct direct fax mike@malonecb.com MALONE COMMERCIAL BROKERS 5 Moulton Street Suite 3 Portland, ME main
2 PROPERTY OVERVIEW 10 ALDRICH AVENUE - NORWAY, MAINE 10 Aldrich Avenue is improved with a 24,000± SF industrial building of which roughly 2,500 SF is office and the remaining 21,500 SF of industrial space of which 10,000 SF is high bay and is a relatively new addition compared to the rest of the property. The property is a well maintained, clear span interior, steel frame construction with ample electrical capacity. There are 3 overhead doors (no loading docks), security system, wet sprinkler system, high efficiency lighting (new in 2008) and twelve inch thick concrete slab under the newer 10,000 SF addition. Ceiling heights are twelve feet to eighteen feet at the eaves. The property is located on a short street that is populated with a few other industrial properties and some residential properties in close proximity. 10 Aldrich Ave is in good overall condition and has adequate parking onsite with the additional parking available at 15 Aldrich and Lot 12-3 on Aldrich Ave, which is included as part of the sale. 10 ALDRICH AVE - PROPERTY SUMMARY BUILDING SIZE: 24,000± SF LAND SIZE: 3.27± Acres. 10 Aldrich along with 42 & 48 Alpine St. consists of 2.5± acres according to the tax assessor s office. 15 Aldrich Ave and Lot 12-3 combined add another 0.77± acres. ZONE: No Zones. Suitability of desired uses should be inquired with the Code Enforcement Officer. There is currently a moratorium through May 2018 on cultivation of marijuana. Please inquire with the Town of Norway. ASSESSORS REFERENCE: MAP 31: Lots 12D, 12-1, 12-3 and Lots 3 and 4. DEED: Oxford County Registry of Deeds: Book 4833, Page 159 ASSESSED VALUE: $665,000. (Assessed Value of all five parcels being sold as 10 Aldrich Ave.) CONSTRUCTION: Steel Frame clear span interior ROOF: Ribbed metal roof. New addition built in Roof on the original structure was refurbished in 2016 HEAT: Oil fired hot air and propane infra-red tube heaters SPRINKLER: Wet System LIGHTING: High efficiency lighting (new in 2008) CEILINGS: 12 feet to 18 feet at the eaves WATER/SEWER: Public AMENITIES: 3 Overhead doors, security system SALE PRICE: $1,200, MALONE COMMERCIAL BROKERS 5 MOULTON ST STE 3 PORTLAND ME MALONECB.COM
3 TAX MAP, AERIAL AND PHOTOS 10 ALDRICH AVENUE - NORWAY, MAINE Portion of Norway Tax Map Aldrich Avenue Parcels available for sale are highlighted in yellow Aerial showing approximate boundaries - 10 Aldrich Avenue Sale Parcels highlighted in yellow
4 PROPERTY OVERVIEW 24 ALDRICH AVENUE - NORWAY, MAINE 24 Aldrich Avenue consists of a 10,300± SF industrial facility on 2.67± acres of land (according to the Tax Assessor). Of the 10,300 SF, 2,100± SF was previously used as office space but is in need of renovations. 6,000 SF of the 8,200 SF of warehouse space is high bay (17 max eave height). The oil fired forced hot water furnace is in need of repairing if not replacing. Despite the roof and the heating system, the structure and bones of the building appear to be in good shape. The property is steel frame construction and is suitable for a variety of industrial users. 24 ALDRICH AVE - PROPERTY SUMMARY BUILDING SIZE: 10,300± SF LAND SIZE: 2.67± Acres. ZONE: No Zones. Suitability of desired uses should be inquired with the Code Enforcement Officer. There is currently a moratorium through May 2018 on cultivation of marijuana. Please inquire with the Town of Norway. ASSESSORS REFERENCE: MAP 31: Lot 12E DEED: Oxford County Registry of Deeds: Book 4833, Page 159 ASSESSED VALUE: Building $159,100; Land $46,700; Total Assessed Value is $205,800 CONSTRUCTION: Steel Frame clear span interior; cement slab foundation ROOF: Ribbed Metal Roof (estimate to repair is about $50,000 - see broker for more details) HEAT: Oil fired forced hot water furnace (may need some repair or replacement) SPRINKLER: Dry System CEILINGS: 17 feet max eave height WATER/SEWER: Public AMENITIES: 3 Overhead doors, security system with motion sensor SALE PRICE: $525, MALONE COMMERCIAL BROKERS 5 MOULTON ST STE 3 PORTLAND ME MALONECB.COM
5 TAX MAP, AERIAL AND PHOTOS 24 ALDRICH AVENUE - NORWAY, MAINE Portion of Norway Tax Map Aldrich Avenue Sale Parcels highlighted in green Aerial showing approximate boundary - highlighted in green
6 TAX MAP SHOWING ALL PARCELS & SUMMARY 10 ALDRICH AVE & 24 ALDRICH AVE - NORWAY, MAINE These types of properties (industrial buildings) are currently hard to find in today s commercial real estate market environment. Quality high-bay industrial properties for sale as well as for lease similar to 10 Aldrich Ave and 24 Aldrich Ave (with some improvements) are not easily found. Portion of Tax Map #31- Boundaries shown are approximate 10 Aldrich Avenue Parcels Sale Price $1,200, Aldrich Avenue Parcel Sale Price $525,000. ENTIRE PROPERTY OFFERING SALES PRICE: $1,500, 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
7 AERIAL Parcels For Sale - 10 & 24 Aldrich Avenue, Norway ME 24 ALDRICH AVE 10 ALDRICH AVE Boundaries shown are approximate MALONE COMMERCIAL BROKERS 5 MOULTON ST STE 3 PORTLAND ME MALONECB.COM
8 FOR SALE 2 INDUSTRIAL BUILDINGS 10 ALDRICH AVE and/or 24 ALDRICH AVE. - NORWAY, ME Property Location Area Statistics - Norway, ME Rumford Berlin RADIUS 10 miles 20 miles 30 miles Total Population 25, , ,030 Total Households 10,440 53, ,361 Bethel Norway Augusta Average Household Income $57,711 $61,267 $65,917 Auburn/Lewiston Total Businesses 875 4,973 8,972 Conway Total Employees 9,403 69, ,805 Copyright 2017 Infogroup, Inc. Esri Forecasts for 2017 Portland MIKE ANDERSON, BROKER direct direct fax mike@malonecb.com Source: US Census Bureau, Esri Forecasts, Infogroup Inc. MALONE COMMERCIAL BROKERS 5 Moulton Street Suite 3 Portland, ME main
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