Freestanding Retail/Office Building

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30631768
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Building Size (RSF): 12,780 SF
Sale Price: $2,490,000
Unit Price: $194.84 PSF
Has Drive-Thru? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2020

Overview / Comments

12,780± SF free-standing office/retail building located on 1.55± AC.
Exceptional location with access to lighted intersection on one of Portland’s busiest corridors
Flexible B-2 zoning
Traffic Counts 19,570 daily cars per 2019 ME DOT for Forest Ave and 5,125 for Ocean Ave.
Fully leased through 12/31/20
Sale Price: $2,490,000

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05170_129 B003
Zoning: B-2 COMMUNITY BUSINESS ZONE
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Forest and Ocean Ave
Property Visibility: Excellent
Largest Nearby Street: Forest Ave
Traffic/Vehicle Count: 19,570
Highway Access: I-295 & I-95
Airports: PWM
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1998
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 49
Parking Type: Surface
Parking Description: 49 spaces with 3 handicap spaces, improved with drive-thru
Heat Type: Electricity
Heat Source: Central
Zoning Description: The purpose of the B-2 community business zone is to provide appropriate locations for the development and operation of community centers offering a mixture of commercial uses, housing and services serving the adjoining neighborhoods and the larger community. The B-2 zone will provide a broad range of goods and services and general businesses with a mixture of large and small buildings such as grocery stores, shops and services located in major shopping centers and along arterial streets. Such establishments should be readily accessible by automobile, by pedestrians and by bicycle. Development in the B-2 zone should relate to the surrounding neighborhoods by design, orientation, and circulation patterns.
Lot Frontage: 1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,029 82,627 125,049
Median Age: 38.58 37.43 39.19
Households: 7,080 38,285 55,710

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