York Beach Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30320456
Property Subtypes: Restaurant, Street Retail
Building Size (RSF): 1,276 SF
Gross Building Area: See Agent
Sale Price: $499,999
Unit Price: $391.85 PSF
Ceiling: 8 ft.
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 2/18/2019

Overview / Comments

New Year price decrease! This very busy location offers heavy foot traffic for the beach and tourist crowds and is now serving locals as well with their great reputation for Barbeques foods and fresh seafood. it operates as Gaskins Seafood and Lobster and has had a very profitable two years since its creation. Previously it was operated as Harrys Seafood for ten successful years. A buyer can do their own concept or can continue as Gaskins with the right to do business under that name.
It features a new interior and upgraded kitchen and equipment along with a computer tracking system POS and a digital menus board. The barbeque system is state of the art and is as simple as pushing a button. The combination of barbeque and Seafood is unique and offers a family a choice of a small dinner plate of chicken fingers to Lobster rolls to Smoke Pork Butts and Ribs that are truly delicious.
The facility main floor is 1276 and has outdoor seating as well as a storage room in back along with two private parking spaces. It seats 30 inside and 8 outside. There is a second half story that could be converted to an apartment with town approvals.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $5,200 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: York
Tax ID/APN: 23/3/3
Zoning: COMM
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Shorts Sands Beach and Wild Animal Kingdom
Property Visibility: Excellent
Largest Nearby Street: Main St
Feet of Frontage: 100
Area Description: Very busy beach area with locals and tourists alike that flock to this clean and safe beach and downtown shopping area
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 15
Typical SF / Floor: 1,276 SF
Property Condition: Good
Year Built: 1908
Year Renovated: 2017
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Brick and Vinyl maintenance free siding with oversize plate glass windows
Total Parking Spaces: 2
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity, Propane
Heat Source: Heat Pump
Air Conditioning: Other
Internet Access: Cable
Interior Description: Gaskins has a unique d├ęcor that makes it feel casual and friendly
Zoning Description: commercial/ Res
Lot Frontage: 100
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 997 6,334 13,438
Median Age: 58.46 51.61 49.44
Households: 504 2,921 5,893

Contact

Photograph of Listing Agent

Arthur J Pappas

Keller Williams Coastal Realty
NECPE Member
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