Catylist ID:
#30810177
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: | $122.80 PSF |
| Property Use Type: | Investment, Vacant/Owner-User |
| Building Name: | Duffy's Restaurant |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 3/15/2023 |
Overview / Comments
|
Restaurant/function center with additional residential buildings on 3.7 acres Located on heavily traveled Saco Avenue in Old Orchard Beach - traffic count over 12,784 cars/day (MDOT) Portfolio includes a 11,749 sf restaurant, a 1,904 sf two-unit residential building with two seasonal cabins, and a 2,552 sf single-family dwelling. Over 100 parking spaces in private, on-site lot Easy access to Maine Turnpike via 195 - less than 1 mile to spur Excellent owner/user opportunity FOR MORE INFORMATION, PLEASE COMPLETE THE ATTACHED CONFIDENTIALITY AGREEMENT. |
Attachments & Media
Financials
| Finance Data Year | 2022 |
|---|---|
| Real Estate Taxes - Annual($) | $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 |
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
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