Prime Commercial Location

Retail-Commercial for Sale
Catylist Listing ID: 30753532
Property Subtypes: Convenience Store, Free-Standing Building, Service Station/Gas Station
Building Size (RSF): 4,695 SF
Gross Building Area: See Agent
Sale Price: $525,000
Unit Price: $111.82 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/10/2021

Overview / Comments

Prime commercial property located on busy Alfred Street (RT 111) in Arundel. Former Holly's Gas station and convenience store. Underground tanks will need to be removed per DEP. Building consists of first floor convenience store with walk in coolers, office, and refrigeration Equiptment. Second floor 2 berm/ 1 bath apartment. Currently renting for $1000 per month including utilities.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $7,758 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: Town of Arundel, Maine
Tax ID/APN: 004/006
Zoning: ARD
Retail Clientele: General, Business, Traveler
Property Visibility: Excellent
Largest Nearby Street: Alfred Street Rt 111
Traffic/Vehicle Count: 21,000
Highway Access: Rt 111
Airports: Sanford and Portland Jetport
Site Description: Improved site used as a gas station and convenience store with upstairs 2 bedroom apartment. Underground tanks need to be removed per Maine DEP.
Area Description: Heavily trafficked highway, ideal convenience store, gas station, retail location
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,505 SF
Property Condition: Fair
Year Built: 1990
Roof Type: Gambrel
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Exterior building in good condition.
Parking Type: Surface
Heat Type: Oil, Hot Water
Heat Source: Baseboard
Internet Access: Cable, DSL
Zoning Description: ARD/ General business
Lot Frontage: 205'
Lot Depth: 145
Land Ownership: HRE Arundel LLC
Legal Description: Book 17576 page 231

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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

Photograph of Listing Agent

Robert Baldacci

FO Bailey Real Estate
NECPE Member
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