Restaurant or Retail in downtown area

Retail-Commercial for Sale
Catylist Listing ID: 30318692
Property Subtypes: Restaurant, Street Retail
Building Size (RSF): 1,545 SF
Gross Building Area: See Agent
Sale Price: $129,000
Unit Price: $83.50 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/26/2018

Overview / Comments

Restaurant that has changed hands a few times over the years but has always been a downtown diner in Sanford. It has limited parking but was used over the years as a destination diner for pedestrians in the downtown area where there are many shops, banking, and rentals. Diner has been brought up to standard recently with a new hood system and AC unit. Come check out this opportunity to get started inexpensively in the restaurant business. The property could have other uses as long as the impact is less intensive than a restaurant use in relation to parking etc.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $1,613 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 0K28/0002/0000
Zoning: URBAN
Lot Frontage: 52

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,706 15,883 23,136
Median Age: 36.39 39.5 40.96
Households: 1,109 6,539 9,440
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