Redevelopment / Retail / Office For Sale

Retail-Commercial for Sale
Catylist Listing ID: 29988279
Property Subtypes: Free-Standing Building
Building Size (RSF): 5,661 SF
Gross Building Area: See Agent
Gross Land Area: 0.98 Acres
Sale Price: $379,000
Unit Price: $66.95 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/30/2021

Overview / Comments

370 U.S. Route 1 is currently a 5,661± SF, single-story building on a 0.98± acre site.

B3 General Business Zone

It is an excellent Route One location with ample parking and 322 feet of frontage. It is an ideal professional owner-occupied property.

Located on a busy part of US route 1 just north of Haigis Parkway connector to I-95/The Maine Turnpike.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map U39 Lot 44
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Good
Feet of Frontage: 322
Traffic/Vehicle Count: 27,600
Highway Access: 95
Airports: Portland International Airport
Site Description: BUILDING SIZE: 5,661± SF USES: Retail, Office STORIES: 1 BASEMENT: Full CONSTRUCTION: Wood frame HVAC: Natural gas WATER & SEWER: Municipal PARKING: 28± on site spaces
Area Description: The property is located on a busy segment of the U.S. Route 1 corridor just north of the Haigis Parkway connector over to the Maine Turnpike/I-95 in Scarborough.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1944
Construction/Siding: Wood Frame
Parking Type: Surface
Parking Description: 28± on site spaces
Heat Type: Natural Gas
Zoning Description: B3 General Business
Lot Frontage: 322
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 932 18,613 60,797
Median Age: 61.81 44.27 41.14
Households: 435 7,458 26,569


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