238-240 Riverside Drive

Retail-Commercial for Sale
Catylist Listing ID: 30556421
Property Subtypes: Convenience Store, Mixed Use, Service Station/Gas Station, Vehicle Related
Building Size (RSF): 5,600 SF
Gross Building Area: See Agent
Sale Price: $1,250,000
Unit Price: $223.21 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/13/2020

Overview / Comments

238-240 Riverside Dr is situated on the corner of Riverside Dr and Route #3. There are over 31,000 cars that pass by daily. The lot consists of 4.41 acres with over 300 feet looking the Kennebec River.There is the opportunity for other businesses to be built on the rear (river side) of the property.
The building consists of 2 triple net rentals-1,600 sq. ft convenience store/gas station and a 4,000 sq ft auto service station that has been in business since 1999.
Convenient store is just a few years from being contract free. Gas tanks installed in 2004 capacity of 27,000 gallons.

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Tax ID/APN: 00040 0016A 00000
Zoning: PD-2
Retail Clientele: General, Family, Business, Traveler
Property Visibility: Excellent
Traffic/Vehicle Count: 31,000
Highway Access: I-95 exit 113 toward Belfast. Continue traveling for 2-3 miles. Take a right onto Riverside Drive-second stop light. Property on the corner of Route 3 and Riverside Drive.
Airports: Portland International Jetport, Augusta State Airport, KWVL
Site Description: Corner of Riverside Drive and Route 3
Area Description: 238-240 Riverside Dr is located next to O'Connor's Auto Park. Route 3 is a major corridor to the coast-Belfast.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1999
Roof Type: Flat
Construction/Siding: Metal Siding
Sprinklers: Wet
Heat Type: Propane
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: DSL
Interior Description: Riverside Express and Chester's Chicken reside in the 1,600 sq ft Convenience Store. Capital City Tire consists of a 5 bay garage area and customer waiting area.
Zoning Description: Business/professional associations,Business and professional offices and services,Bed-and-breakfast/tourist home,Finance, insurance, and real estate services,Hotels,Barber/beauty shops,Self-service laundromats,Restaurants,Community living arrangement,Day-care centers,Medical guesthouse,Nursing homes,
Lot Frontage: 850+ ft on Riverside Drive and Route 3
Lot Depth: 606 ft +/-
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,455 17,761 25,072
Median Age: 39.25 43.29 44.29
Households: 1,202 8,302 11,389

Contact

Photograph of Listing Agent

Pamela Armour

Hoang Realty NECPE Member
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