5 Water Street, Sanford, ME 04083
$1,300,000
Property Type:
Commercial
Square Footage:
68,504
Lot Size (sq. ft.):
121,097
Status:
Closed
Current Price:
$1,300,000
List Date:
1/10/2024
Last Modified:
6/13/2025
Overview
Description
Two Buildings - Partially Occupied, Month to Month
Building 1
8,800 sf partially heated warehouse with 3 overhead doors and loading dock. Currently operating as an office and warehouse for owner's business use.
Building 2
60,000 sf 4 story (consisting of 15 ,000 +- sf per floor) former spinning mill and retail shop. 2 floors are currently operating as a yarn spinning business with a Month to Month Lease. Bonus cell tower lease is in place, adds to Buyer's income.
1st floor has several built offices and a large industrial space. This well maintained building is in great working condition, was just recently fully operating as Jagger Brothers Worsted Spinners. All floors equipped with bathrooms, and heat, the building is fully sprinkled, brick walls, hard wood floors and a cargo elevator. Tenants (wool spinning business) are in place leasing 2nd and 3rd floors on a month to month basis. Tenant is flexible to remain leasing, move and lease the warehouse building or move out completely.
Listing Details MLS# 1580236
Location Information
- Street #
- 5
- Street Name
- Water
- Street Type
- Street
- County
- York
- Town
- Sanford
- State/Province
- ME
- Zip Code
- 04083
- Zip +4
- 1329
- Leased Land
- No
- Book
- 1320
- Page
- 64
- Map
- K14
- Lot
- 35
- Zoning
- IR
- Zoning Overlay
- Unknown
- Full Tax Amount $
- 20454
- Tax Year
- 2023
- Association Y/N
- No
Contract Information
- Original List Price
- 1300000
Property Information
- Primary Use
- Mixed Use
- Surveyed
- Yes
- Deed/Conveyance Type Offered
- Warranty
- Deed
- All
- Deed Restrictions
- Unknown
- Bank Owned REO
- No
- Year Built
- 1920
- Year Renovated +/-
- 1997
- Tenancy
- Multiple Tenants
- Leases
- Partial
- Total # Floors
- 4
- SqFt Finished Total
- 68504
- Lot Size Acres +/-
- 2.78
- Road Frontage +/-
- 300
Status Change Info
- Pending Date
- 2024-01-17
- Closed Date
- 2024-04-30
- Closed Price
- 1300000
Commercial Bldg Information
- Ceiling Height +/-
- 12
- Confidentiality Statement
- Yes
Water Info
- Water View
- Yes
- Water Body Name
- Mousam River
More Information
Sold Info
- Appraiser Email Address
- stefan.sargeant@cushwake.com
Location
- Downtown
- Yes
- Near Shopping
- Yes
- Water View
- Yes
Property Uses
- Manufacturing
- Yes
- Office Building
- Yes
Construction
- Masonry
- Yes
Exterior
- Brick
- Yes
Heat System
- Zoned
- Yes
Heat Fuel
- Oil
- Yes
Floors
- Concrete
- Yes
- Wood
- Yes
Building Features
- Elevator Freight
- Yes
- Loading Docks 1 - 4
- Yes
- Sprinkler - Wet
- Yes
Parking
- 21+ Spaces
- Yes
- Gravel
- Yes
- On Site
- Yes
- On Street
- Yes
Electric
- Three Phase
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public
- Yes
Sold Terms Other
- Arms Length
- Yes
Property Features
Location:
Downtown; Near Shopping; Water View
Construction:
Masonry
Property Uses:
Manufacturing; Office Building
Exterior:
Brick
Heat System:
Zoned
Heat Fuel:
Oil
Floors:
Concrete; Wood
Building Features:
Elevator Freight; Loading Docks 1 - 4; Sprinkler - Wet
Parking:
21+ Spaces; Gravel; On Site; On Street
Electric:
Three Phase
Sewer:
Public Sewer
Water:
Public
Sold Terms Other:
Arms Length
Documents
Property Disclosure Public Access ›
Listing Office:
Investcomm Commercial Group
IDX
Last Updated: June - 13 - 2025
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