FOR GROUND LEASE / Morrill's Corner Area

Retail-Commercial for Lease
Catylist Listing ID: 28854324
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Other
Contiguous Space: 4,296 SF
Building Size (RSF): 4,296 SF
Gross Land Area: 1.32 Acres
Lease Rate: $70,000 (Annual)
$16.29 PSF (Annual)
Base Monthly Rent: $5,833
Lease Types: NNN
Last Updated: 8/15/2017

Overview / Comments

This was the Wok Inn for over 25 years. The building is located directly on Portland’s most heavily traveled artery at Morrill’s Corner. The 1.32± acres site has 2 curb cuts: one on Forest Avenue and the other on Allen Avenue The single story masonry building was built in 1960 and in 1987 was renovated and expanded into the current 4,296± SF.

Attachments & Media

Expand All Available Space

Suite: 1 4,296 SF $70,000 (Annual) NNN
Level/Floor: 1
Space Available: 4,296 SF
Lease Rate: $70,000 (Annual)
$16.29 PSF (Annual)
$5,833 (Annual)
Lease Type: NNN
Space Description: Existing 4,296± SF building with additional space in basement.
Tile/concrete mix flooring, suspended ceilings, 2 restrooms.
Space Subcategory: Flex Space
Date Available: 4/29/2014
Space Type: Relet
Kitchen Yes
Tax Expenses $0 PSF (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 999999
Zoning: B-2 & IL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Forest & Allen Avenues
Road Type: Paved
Property Visibility: Excellent
Feet of Frontage: 392
Traffic/Vehicle Count: 29,920
Transportation: Bus, Rail, Highway, Airport, Taxi, Other
Highway Access: I-295, Maine Turnpike, Route 302, Route 9, Route 100 and Route 22.
Airports: Portland International Jetport
Site Description: Existing 4,296± SF building with additional space in basement. Tile/concrete mix flooring, suspended ceilings, 2 restrooms. 392±' of frontage on Forest and Allen Avenues. ample on site paved parking with 2 curb cuts.
Area Description: Highly visible Morrill' s Corner location at lighted intersection of Forest and Allen Avenues. This building is located directly on Portland' s most heavily traveled artery and corridor of Forest Avenue (Route 302).
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,296 SF
Property Condition: Good
Year Built: 1960
Year Renovated: 1987
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Brick and glass with some wood siding.
Parking Type: Surface
Parking Description: Paved on-site ample parking in front and on side of building.
Interior Description: Existing 4,296± SF building with additional space in basement. Tile/concrete mix flooring, suspended ceilings, 2 restrooms.
Zoning Description: B-2 Business Community IL - Low Impact Industrial
Lot Frontage: 392
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,421 73,047 118,088
Median Age: 39.19 37.55 39.02
Households: 4,987 33,610 52,764
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