Multi-Property Portfolio

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30810177
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 16,205 SF
Gross Building Area: See Agent
Gross Land Area: 3.70 SF
Sale Price: $1,990,000
Unit Price: $122.80 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Duffy's Restaurant
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/2/2022

Overview / Comments

Restaurant/function center with additional residential buildings on 3.7 acres
Located on heavily traveled Saco Avenue in Old Orchard Beach - traffic count over 12,784 cars/day (MDOT)
Portfolio includes a 11,749 sf restaurant, a 1,904 sf two-unit residential building with two seasonal cabins, and a 2,552 sf single-family dwelling.
Over 100 parking spaces in private, on-site lot
Easy access to Maine Turnpike via 195 - less than 1 mile to spur
Excellent owner/user opportunity

FOR MORE INFORMATION, PLEASE COMPLETE THE ATTACHED CONFIDENTIALITY AGREEMENT.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $22,202 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: Town of Old Orchard
Tax ID/APN: 31200-208-1-6
Zoning: GB-1
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Excellent
Largest Nearby Street: Maine Turnpike Spur
Traffic/Vehicle Count: 12,784
Highway Access: Maine Turnpike
Airports: Portland International Jetport
Tenancy: Single Tenant
Total Number of Buildings: 3
Property Condition: Excellent
Year Built: 1938
Year Renovated: 2015
Roof Type: Gable
Total Parking Spaces: 100
Parking Type: Surface
Parking Description: Private, on-site lot
Heat Type: Oil
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: General Business
Lot Frontage: 475
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,061 29,909 51,110
Median Age: 48.26 42.22 42.04
Households: 3,692 13,508 21,865

Contact

Photograph of Listing Agent

Samantha Marinko

The Boulos Company NECPE Member
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