Investment opportunity –Restaurant 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: $99,000
Unit Price: $64.08 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/2/2020

Overview / Comments

Investment opportunity!! Restaurant in the heart of Sanford. This use has been in place for years. Interior has updated fire suppression hoods, heating, and AC. This pedestrian friendly diner style restaurant is leased and is in great condition.
Currently leased for $1200/mo

Financials

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

Current Tenants

Tenant Business Name One love cuisine
Is Renting? Yes
Annual Revenue $18,000 (Annual)
Current Rent $1,500 PSF (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 0K28/0002/0000
Zoning: URBAN
Retail Clientele: General
Property Visibility: Excellent
Traffic/Vehicle Count: 15,000
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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