Prime commercial Store location Arundel Maine

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30028438
Property Subtypes: Convenience Store, Service Station/Gas Station
Status: Pending/Contingent
Building Size (RSF): 4,000 SF
Gross Building Area: 4,695 SF
Gross Land Area: 20,908 SF
Sale Price: $599,000
Unit Price: $149.75 PSF
Ceiling: 8 ft.
Property Use Type: Investment
Building Name: Holly's Gas and Convenience Store
Usable Size (USF): 4,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/13/2023

Overview / Comments

Prime commercial retail location. Former gas station convenience store on busy Rt 26. Traffic volume is 18,760 vehicles per day, just one mile west of I-95 on Route 111, the Alfred Road running between Biddeford and Sanford. The I-95 interchange is the site of Biddeford Crossing Shopping Center, Walmart, Home Depot, Market Basket and Kohls, not to mention numerous other stores and restaurants. Property also has access from Old Alfred Road.

Offeringf includes large display sales area and kitchen, 2 walk-in coolers, restroom, office and ample storage space, connected to a rear entry. There is also a second story apartment that has been completely renovated.
There are 4 gasoline pumps under a canopy, plus a diesel pump, and a kerosene pump. Annual gas volume is approximately 950,000 gallons. The underground single lined tanks need to be replaced.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: Town of Arundel, Maine
Tax ID/APN: Map 4/Lot 6
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Biddeford and Alfred
Property Visibility: Excellent
Largest Nearby Street: Old Alfred Road
Feet of Frontage: 204
Traffic/Vehicle Count: 18,760
Highway Access: Frontage on Route 111, Alfred Road, and on Old Alfred Road in the back of the property
Airports: Portland International Jetport, 20 miles. Logan/Boston 100 miles
Site Description: Site is on Route 111 The Alfred Road) , at intersection of Old Alfred Road. Site is approximately 14,000 square feet, and is flat, with a driveway drop of fat the rear entrance from Old Alfred Road. Site has ample line of site visibility both east and west on Route 111.
Area Description: With nearly 19,000 vehicle per day, the area is heavily traveled with commuters to I-95 and the Biddeford Saco area. This is the main route between I-95 and Sanford, 15 miles to the west. Population is approximately 35,000 within 5 miles, 6800 within 3 miles. Median income in the the 3 mile area, is $53,000.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,505 SF
Property Condition: Average
Year Built: 1990
Year Renovated: 2023
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Concrete Block, with a wood dormers. Gas rack potential 8 pump location. Underground tanks will need to be replaced per DEP
Total Parking Spaces: 16
Parking Type: Surface
Parking Description: Convenient to front door and adjacent to pumps
Heat Type: Oil, Hot Water
Heat Source: Baseboard
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: Large store area, kitchen, two coolers, restroom, office on first floor. Second floor has two bedroom apartment with separate entrance
Zoning Description: Commercial
Lot Frontage: 204 on Route 111( Alfred Road) , 89 feet on Old Alfred Rd.
Lot Depth: 120
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,428 11,722 39,284
Median Age: 39.89 42.25 41.41
Households: 907 4,614 16,505


Photograph of Listing Agent

Robert Baldacci

FO Bailey Real Estate
NECPE Member
Photograph of Listing Agent

Thomas Gadbois

F.O. Bailey Real Estate
NECPE Member
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