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1200 Portland Rd 9,938 SF 100% Leased Retail Building Arundel, ME 04046 $2,767,863 CAD ($278.51 CAD/SF)
EXECUTIVE SUMMARY
The Boulos Company is pleased to present an exceptional opportunity to acquire a distinctive property in Arundel, Maine.
This fully operational restaurant, renovated in 2019, comes complete with all fixtures, furniture, and equipment.
The property also boasts a charming outdoor seating area, perfect for al fresco dining during pleasant weather.
In addition to the restaurant, the property features two residential apartments and is situated on a 2.0± acre corner lot with more than 500 feet of prime frontage along Route One.
This high-traffic location sees over 11,000± vehicles daily and is just minutes from Kennebunk and neighboring businesses, including Hannaford, Holy Donut, Aroma Joe’s, and more.
This fully operational restaurant, renovated in 2019, comes complete with all fixtures, furniture, and equipment.
The property also boasts a charming outdoor seating area, perfect for al fresco dining during pleasant weather.
In addition to the restaurant, the property features two residential apartments and is situated on a 2.0± acre corner lot with more than 500 feet of prime frontage along Route One.
This high-traffic location sees over 11,000± vehicles daily and is just minutes from Kennebunk and neighboring businesses, including Hannaford, Holy Donut, Aroma Joe’s, and more.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,938 SF
Building Class
B
Year Built/Renovated
1800/2019
Price
$2,767,863 CAD
Price Per SF
$278.51 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.11
Lot Size
2.00 AC
Zoning
DB-1 - Downtown Business 1
Parking
40 Spaces (4.02 Spaces per 1,000 SF Leased)
Frontage
481’ on Portland Rd
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | ARUN-000035-000000-000032 | Improvements Assessment | $1,141,047 CAD |
| Land Assessment | $207,053 CAD | Total Assessment | $1,348,099 CAD |
PROPERTY TAXES
Parcel Number
ARUN-000035-000000-000032
Land Assessment
$207,053 CAD
Improvements Assessment
$1,141,047 CAD
Total Assessment
$1,348,099 CAD
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1200 Portland Rd
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