Congress Street Restaurant / For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30337470
Property Subtypes: Restaurant
Building Size (RSF): 5,550 SF
Gross Building Area: See Agent
Gross Land Area: 0.11 Acres
Sale Price: $899,000
Unit Price: $161.98 PSF
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Building Name: Espo's
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/8/2018

Overview / Comments

5,550± SF restaurant with second floor apartment now available

Family owned for over 45 years

Excellent location in a high traffic area, dense population and a lighted intersection

On-site parking, street parking and over-flow parking

Area businesses include Bank of America, Inspire Dental, Anania’s, Advanced Auto Parts, CVS, Shaw’s, Italian Heritage Center, Clarion Hotel, Bayside Employee Health Center , Norway Savings Bank and the Thompson’s Point Event Center, to name a few

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map U187 Lot A1
Zoning: B1
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Excellent
Feet of Frontage: 50
Highway Access: 295
Airports: Portland International Jetport
Site Description: CEILING HEIGHT: 8 - 10’ with the original tin ceiling in the dining room WINDOWS: Double pane FLOORS: Oak flooring in dining room, new tile (2017) in kitchen LIGHTS: Suspended from ceiling HEAT: Natural gas-fired baseboard heat, Bellerus boiler estimated at 15± yrs old AIR CONDITIONING: Two mini-splits - natural gas NATURAL GAS: Natural gas for heating and cooking PROPANE: Two propane tanks available for use HOT WATER: 80± gallon tank, gas-fired WATER/SEWER: Municipal
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1910
Year Renovated: 2005
Roof Type: Other
Construction/Siding: Wood Frame
Exterior Description: New vinyl siding and a brick facade
Total Parking Spaces: 10
Parking Type: Surface
Parking Description: 10± spaces, on-street parking and parking in the commercial lot across Caleb Street by an informal long-term arrangement (ask Broker)
Sprinklers: None
Heat Type: Natural Gas
Zoning Description: B1
Lot Frontage: 50
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,803 80,824 119,836
Median Age: 36.14 37.53 38.92
Households: 6,099 37,407 53,689
The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.