Prime Commercial Location
Retail-Commercial
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30753532 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Service Station/Gas Station
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
4,695 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$500,000 |
| Unit Price: |
$106.50 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Building Name: |
Former Holly's gas and convenience store |
| Sale Terms: |
Cash to Seller, Owner Financing |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/7/2022 |
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 bedroom 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 |
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 |
|
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