Industrial/Retail (Currently Event Center)

Retail-Commercial for Sale
Catylist Listing ID: 30790402
Property Subtypes: Free-Standing Building, Garden Center, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 31,490 SF
Gross Building Area: See Agent
Gross Land Area: 6.20 Acres
Sale Price: $3,200,000
Unit Price: $101.62 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/23/2022

Overview / Comments

Originally built in 1910, this 31,490+/- square foot commercial building was transformed into a stunning restaurant, bowling facility, and event space in 2016 after extensive renovations. Sitting on a 6.2-acre parcel in Westbrook’s Prides Corner neighborhood, the property is highly visible from Elmwood Avenue and Route 302. Future owners of this stunning restaurant/event space will benefit from the following:
* Exquisite fit and finish
* 240-seat capacity restaurant and event center
* State-of-art commercial kitchen
* Expansive outdoor seating and lawn area
* 140-space paved parking lot
* 3,300 square foot wood-frame second story that is currently vacant
* Office and storage spaces

$3,000,000 for the real estate and $200,000 for assets.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05240_059-000-036
Zoning: HIGHWAY SERVICES
Retail Clientele: General, Family, Business, Traveler, Recreation, Convention, Other
Property Visibility: Excellent
Largest Nearby Street: Route 302
Feet of Frontage: 366
Highway Access: Less than 10 minutes from I-95.
Airports: 15 minutes to Portland International Airport.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 31,000 SF
Property Condition: Excellent
Year Built: 1910
Year Renovated: 2016
Total Parking Spaces: 140
Parking Type: Surface
Parking Description: Large paved lot on the property.
Lot Frontage: 366
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 35,830 102,054
Median Age: 40.04 38.49
Households: 15,174 45,005
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