Ideally Located New Restaurant/Retail Condo Just Steps to Beach
Retail-Commercial
for Sale
| Catylist Listing ID: |
30860016 |
| Property Subtypes: |
Convenience Store, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
|
| Building Size (RSF): |
1,933 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.05 Acres
|
| Sale Price: |
$575,000 |
| Unit Price: |
$297.47 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
Former Venetia's Restaurant |
| Sale Terms: |
Cash to Seller, Owner Financing, Build-to-Suit |
| Cap Rate: |
Undisclosed |
| Last Updated: |
10/31/2023 |
Overview / Comments
|
Looking for ideally located restaurant/retail location just steps to beach? Look no further! This building has been brought down to the studs and completely rebuilt from the ground up and offers huge retail windows for plenty of natural light, partitioned kitchen area with hood infrastructure still in place (vent only), two rough plumbed separate men's and women's ADA accessible bathrooms and the rest is wide open seating area. Bring your imagination to make this space your own! This area just minutes to either Ocean Park or the Pier is ideal location for new restaurant establishment or retail business with plenty of pedestrian and vehicular traffic all year long. Offered as vanilla shell.
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Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
York |
| Tax ID/APN: |
OOBH-000313-000003-000004 |
| Zoning: |
DD1 |
| Retail Clientele: |
Family, Business, Traveler, Tourist, Recreation |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
West Grand Avenue |
| Highway Access: |
Close to Saco/OOB exit of Maine Turnpike. |
| Area Description: |
Ideally located just minutes of walking distance to either Old Orchard Beach Pier to the north or Ocean Park part of OOB to the south in area in high demand of new upscale restaurant for lunch/dinner and/or breakfast or other retail business. Many year round owners in this part of town and increases yearly. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Property Condition: |
Excellent |
| Year Built: |
1920 |
| Year Renovated: |
2023 |
| Roof Type: |
Arched |
| Construction/Siding: |
Wood Siding |
| Parking Type: |
Surface |
| Parking Description: |
Limited parking available in adjacent lot or on street or in area surface lots. |
| Sprinklers: |
Wet |
| Heat Type: |
Other |
| Heat Source: |
Other |
| Air Conditioning: |
Other |
| Zoning Description: |
DD1 |
| Lot Frontage: |
250 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Part of condo association. No land owned. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,132 |
19,933 |
50,925 |
| Median Age: |
47.83 |
46.21 |
42.66 |
| Households: |
2,155 |
9,119 |
21,992 |
|
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