RETAIL/COMMERCIAL BUILDING FOR SALE

Retail-Commercial for Sale
Catylist Listing ID: 30872072
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 1,621 SF
Gross Land Area: 0.38 Acres
Sale Price: $950,000
Unit Price: $586.06 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/5/2024

Overview / Comments

Ideally located restaurant building located at the busy intersection of Ocean St and Broadway (Route 77) in South Portland’s Knightville/Millcreek neighborhoods. Formerly a pizza restaurant, the space offers a retail area, kitchen/prep area, storage, and walk-in cooler. The roof, HVAC system and hood system are all just two-years old. This community-centric locations offers excellent visibility and plenty of parking in its own paved, private lot. Note, assets within the building may be available for purchase for an additional price. However, the business goodwill is absolutely not for sale.

Attachments & Media

Financials

Finance Data Year 2024
Real Estate Taxes - Annual($) $5,933 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 019/024
Zoning: LB - LIMITED BUSINESS
Property Visibility: Excellent
Traffic/Vehicle Count: 40,150
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1963
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 15
Parking Description: Private Lot
Heat Type: Natural Gas
Lot Frontage: 248
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,408 68,305 109,330
Median Age: 41.93 38.41 39.41
Households: 4,908 31,920 49,285

Contact

Photograph of Listing Agent

Kirk A Butterfield

Magnusson Balfour/KW Commercial a div. of Keller Williams Realty
NECPE Member
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