Rare Downtown Berwick Development Site

Retail-Commercial for Sale
Sale Pending
Also listed as Multi-Family
Catylist Listing ID: 30286301
Property Subtypes: Free-Standing Building, Mixed Use, Other
Status: Pending
Building Size (RSF): 3,000 SF
Gross Building Area: 4,000 SF
Gross Land Area: 0.50 Acres
Sale Price: $295,000
Unit Price: $98.33 PSF
Property Use Type: Investment
Building Name: School & Lyman
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/10/2018

Overview / Comments

DEVELOPMENT SITE: The last developable commercial parcel (1/2 acre) on the main road in downtown Berwick. This corner lot in the Village Overlay District allows for a variety of uses, and minimizes setbacks. Two existing buildings* on site can be demo for development of this corner lot for a high-profile retail location. *
NOTE: 4-unit Mixed-Use Multi Building and small commercial building have potential for renovation and re-use.
Also Potential for acquiring abutting parcels. Speak to listing agent

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: Town of Berwick
Tax ID/APN: BERW-000001U-000000-000004
Zoning: COMMERCIAL INDUSTRIAL WITH VILLAGE OVERLAY
Retail Clientele: General, Business, Other
Property Located Between: School/Lyman/George Streets
Property Visibility: Excellent
Largest Nearby Street: State Route 9
Feet of Frontage: 300
Traffic/Vehicle Count: 8,000
Highway Access: Maine Turnpike I-95 15 miles on SR 9. Exit 19 Wells
Airports: PWM 50 miles
Site Description: Business District. Corner lot. .5 acres
Area Description: Downtown Berwick and across street from the City, state and private redevelopment of the Berwick Tannery site. Berwick borders Somersworth NH Downtown
Total Number of Buildings: 2
Number of Stories: 4
Typical SF / Floor: 1,500 SF
Property Condition: Average
Year Built: 1920
Construction/Siding: Wood Frame
Exterior Description: Good condition, solid. Building requires restoration for re-use, otherwise demo for prime re-development site
Total Parking Spaces: 25
Parking Type: Surface
Parking Description: Large Paved area to rear of property, Two curbcuts
Sprinklers: None
Heat Type: Other
Heat Source: Other
Internet Access: Other
Interior Description: Needs renovation. Shop space stand alone building needs full Restoration
Zoning Description: Commercial Industrial to allow strip development along road frontage. The Village Overlay District is established to ensure that future development in. Downtown Berwick reflects the concepts presented in the Berwick Downtown Vision
Lot Frontage: 300
Lot Depth: 300
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Requires investigation. There appears to be an access easement through the abutters property
Land Ownership: Fee Simple
Legal Description: York County Registry of Deeds 16446/957

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,615 21,765 53,365
Median Age: 33.49 38.22 38.99
Households: 1,895 8,758 21,155

Contact

Photograph of Listing Agent

Anthony J. Donovan

KW Coastal Realty NECPE Member
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