Catylist ID:
#30028438
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 |
| Zoning: | COMMERCIAL |
| 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 |
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 |
Contact
Robert BaldacciFO Bailey Real EstateNECPE Member 
Thomas GadboisF.O. Bailey Real EstateNECPE Member |
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