Investment or Owner Occupied Mixed Use Building

Retail-Commercial for Sale
Also listed as Special Purpose
Catylist Listing ID: 30769294
Property Subtypes: Street Retail
Building Size (RSF): 4,292 SF
Sale Price: $275,000
Unit Price: $64.07 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/22/2021

Overview / Comments

MIxed use building with two residential units (rented for $800 and $1200) and two commercial spaces including former pizza take out/dine in restaurant with large retail display windows, hood & fire suppression system (needs work), large walk in cooler and plenty of space for seating. Other available commercial space is 750 sf former office with private unisex bathroom. Both units have been gutted. Combine both for total 2,000 sf. Ideal location on what is becoming "Restaurant Row" on Alfred Street directly across from police station and close to area businesses and Main Street. Both commercial spaces are currently available for rent at $850 for office and $1,500 starting rent for restaurant or $2,350 for both.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 31050_38-363
Zoning: MRSD1
Retail Clientele: General, Business, Tourist
Property Visibility: Excellent
Largest Nearby Street: Main Street
Traffic/Vehicle Count: 8,700
Highway Access: Close to Biddeford and Saco Maine Turnpike entrances.
Airports: Close to Portland Jetport and Biddeford Airport
Area Description: Ideal location just off Main Street on what is becoming "Restaurant Row"
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,000 SF
Property Condition: Average
Roof Type: Arched
Construction/Siding: Wood Siding
Parking Type: Other
Parking Description: Large municipal lot directly across the street for daily parking
Sprinklers: None
Heat Type: Electricity, Space Heaters
Heat Source: Baseboard
Air Conditioning: Window Unit
Zoning Description: MSRD1
Lot Frontage: 200
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,671 34,380 51,243
Median Age: 37.26 41.32 41.35
Households: 7,113 14,991 21,778


© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.