8.01% Cap Rate: 5-Resi/4-Commercial Unit Building For Sale
Retail-Commercial
for Sale
Also listed as Multi-Family, Shopping Center
| Catylist Listing ID: |
30779067 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Street Retail
|
| Building Size (RSF): |
6,800 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,000,000 |
| Unit Price: |
$294.12 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Undisclosed, Cash to Seller |
| Cap Rate: |
8.01% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
4/22/2024 |
Overview / Comments
NOI is $160,127.83
See broker for financials.
See Offering Memorandum for more information.
5305 SF Parcel
|
Current Tenants
| Tenant Business Name |
Pizzaiolo |
| Tenant Business Name |
Moriah Store |
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Submarket Type: |
Central Business District |
| Taxing Authority: |
Portland |
| Tax ID/APN: |
007 |
| Zoning: |
B3 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Convention, Other |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Congress Street |
| Airports: |
PWM |
| Total Number of Buildings: |
2 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
3,000 SF |
| Property Condition: |
Good |
| Year Built: |
1921 |
| Year Renovated: |
2021 |
| Roof Type: |
Flat |
| Construction/Siding: |
Wood Siding |
| Parking Description: |
No on-site parking. |
| Sprinklers: |
None |
| Heat Type: |
Electricity, Natural Gas |
| Heat Source: |
Baseboard, Heat Pump |
| Zoning Description: |
Commercial Business |
| Lot Frontage: |
55' |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements Description: |
Fire access abutting property to SW. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
26,731 |
78,550 |
111,093 |
| Median Age: |
33.7 |
38.07 |
39.15 |
| Households: |
13,829 |
36,466 |
50,070 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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