Willard Square Restaurant - Retail

Retail-Commercial for Sale
Catylist Listing ID: 30463324
Property Subtypes: Restaurant, Street Retail
Building Size (RSF): 581 SF
Gross Building Area: See Agent
Sale Price: $249,000
Unit Price: $428.57 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/12/2019

Overview / Comments

Thriving Willard Square commercial property in a historic beach village building. This picturesque commercial condo is currently a small restaurant/take out space. Recently renovated for efficiency and allure, this versatile property has a spacious air with charming features such as the high original tin ceiling, floor-to-ceiling front bay windows and single-pane glass period front door, all of which allow wonderful visibility from inside and outside of building. Additional features include wainscoting, hardwood and tile floors, custom-made re-purposed wood counter and bar with glass sneeze guard, and multiple period-style light fixtures. The space is in excellent condition and benefited by a commercial kitchen, half-bath and basement storage. Recent upgrades include a heat pump, air conditioning, grease trap, and several electrical and plumbing upgrades. Just steps away from Willard Beach, the property is close to SMCC, Port Head Lighthouse as well as other nearby tourist destinations.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $3,616 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 107354
Zoning: VILLAGE COMMERCIAL-WILLARD DISTRICT VCW
Retail Clientele: General, Family, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Cottage Road
Heat Type: Electricity
Heat Source: Baseboard, Heat Pump
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Commercial condominium

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,401 58,462 102,882
Median Age: 42.09 38.4 39.26
Households: 3,755 27,997 46,341

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