Retail Building

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30347674
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Status: Pending
Building Size (RSF): 2,286 SF
Gross Building Area: See Agent
Gross Land Area: 0.51 Acres
Sale Price: $525,000
Unit Price: $229.66 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2019

Overview / Comments

2,286± sf retail building on a 0.51± acre parcel of land the property is improved with a shed-like structure that is 1,440± sf which is currently vacant
This is an excellent location in the Cash Corner neighborhood of South Portland that has very high traffic counts and easy access to I-295
The property has one current tenant with lease expiration of 11/30/2019
Area businesses include: Handyman Rental, One Stop Party Shop, Jiffy Lube and Dairy Queen
The location has paved parking with approximately 28± spaces for the two tenants to share
Sale Price: $525,000

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 31778-0306
Zoning: LB
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1960
Roof Type: Flat
Total Parking Spaces: 28
Parking Type: Surface
Parking Description: On-site Paved Parking
Heat Type: Natural Gas
Lot Frontage: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,364 67,260 114,148
Median Age: 39.94 37.42 39.31
Households: 3,142 31,203 51,353

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