South Portland-Rare and desirable LB (Limited Business) zone

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30770630
Property Subtypes: Restaurant
Status: Pending
Building Size (RSF): 1,996 SF
Gross Building Area: 2,304 SF
Gross Land Area: 0.16 SF
Sale Price: $599,000
Unit Price: $300.10 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 12/29/2022

Overview / Comments

Unlimited potential awaits for the owner operator, investor or developer in this highly desirable Willard Square site. Tremendous visibility. Outstanding traffic counts. Walkable neighborhood. Complimentary local business. Rare and desirable LB (Limited Business) zone. The existing business is not included in the sale and their lease expires end of January 2022. Bring your dream/desire to start your own restaurant, open a shop/salon..., to redevelop or to buy and rent. Group showings (open to agent and buyers) Thur. 10/28 & Fri. 10/29 12:00-2:00 and Thur. 11/4 & Fri. 11/5 12:00-2:00. Offers due Mon. 11/8 by 5PM.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: SPOR-000010-000000-000086
Zoning: LB
Property Visibility: Excellent
Largest Nearby Street: Cottage Rd
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Good
Heat Type: Oil
Lot Frontage: 163
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,053 60,641 100,836
Median Age: 42.95 38 39.1
Households: 4,667 28,715 45,494


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