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: 5/19/2024

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.

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.

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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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