RETAIL/COMMERCIAL BUILDING FOR SALE
Retail-Commercial
for Sale
| Catylist Listing ID: |
30853011 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Restaurant, Other
|
| Building Size (RSF): |
3,200 SF
|
| Gross Land Area: |
0.63 Acres
|
| Sale Price: |
$595,000 |
| Unit Price: |
$185.94 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
7/5/2024 |
Overview / Comments
3,200+/- SF retail building formerly operating as Taylor's Drug Store now available for sale. Located on a corner lot at a lighted intersection, the property offers excellent visibility on two main routes (201A and 148) in downtown Madison. With a traffic count of over 11,000 cars per day, the building lends itself to many retail/commercial uses and is in close proximity to Subway, Dunkin', Big Apple, Irving, Fonzo's Pizza & Seafood, Madison Public Library, and Somerset Abbey. The town of Madison has been designated as an Opportunity Zone by the federal government and is also certified as a Business-Friendly Community. Grants, loans and TIF may be available to a qualifying business.
|
Additional Details
| Nearest MSA: |
Augusta-Waterville |
| County: |
Somerset |
| Tax ID/APN: |
019/008 |
| Zoning: |
DT - DOWNTOWN DISTRICT |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Old Point Ave |
| Feet of Frontage: |
492 |
| Traffic/Vehicle Count: |
11,110 |
| Site Description: |
Excellent high visibility location in downtown Madison. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Year Built: |
1989 |
| Year Renovated: |
2009 |
| Construction/Siding: |
Wood Frame |
| Total Parking Spaces: |
25 |
| Parking Type: |
Surface |
| Parking Description: |
21+ spaces in private lot |
| Heat Type: |
Oil |
| Heat Source: |
Other |
| Air Conditioning: |
Package Unit |
| Zoning Description: |
DT - Downtown District |
| Lot Frontage: |
492+/- Ft total |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
2,695 |
8,985 |
| Median Age: |
43.12 |
43.77 |
| Households: |
1,145 |
3,700 |
|
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
|
