Retail-Commercial for Sale
Catylist Listing ID: 30428625
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 3,100 SF
Gross Building Area: See Agent
Sale Price: $659,000
Unit Price: $212.58 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/18/2019

Overview / Comments

Ideal purchase for buyers looking to own and operate a retail business with real estate. Modern two bedroom apartment on second floor. High quality construction built in 2016 includes commercial wet sprinkler system which can be made dry. More square footage can be added by enclosing porch. Ample basement storage with exterior access. The property could generate significant additional annual income by renting the now-vacant apartment. The apartment has never been occupied.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 0105/159 A
Zoning: GB
Retail Clientele: General, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: US Route 1
Feet of Frontage: 178
Traffic/Vehicle Count: 13,460
Site Description: Level and well-engineered.
Area Description: High traffic in season. Near Wells/Ogunquit town line. Near two of Maine's most celebrated beaches. Well known for numerous hotels, resorts, restaurants, and year-round and seasonal residential dwellings.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 2016
Roof Type: Hip
Construction/Siding: Vinyl Siding, Wood Frame
Exterior Description: Cape style.
Total Parking Spaces: 9
Parking Type: Surface
Parking Description: 9 lined spaces with limited overflow capacity.
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Wall Units
Air Conditioning: Other
Internet Access: Cable
Interior Description: Modern fit and finish throughout the building.
Zoning Description: General Business (GB)
Lot Frontage: 178
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Site distance easement
Land Ownership: Fee simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 554 5,628 10,519
Median Age: 60.19 52.18 50.91
Households: 282 2,623 4,725


Photograph of Listing Agent

Peter Gluckler

Masiello Commercial Associates
NECPE Member
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