RETAIL/COMMERCIAL BUILDING FOR SALE

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30853011
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Other
Status: Pending
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: 2/29/2024

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.

Attachments & Media

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

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,695 8,985
Median Age: 43.12 43.77
Households: 1,145 3,700

Contact

Photograph of Listing Agent

Kirk A Butterfield

Magnusson Balfour/KW Commercial a div. of Keller Williams Realty
NECPE Member
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