Downtown Freeport Retail Building

Retail-Commercial for Sale
Catylist Listing ID: 30191189
Property Subtypes: Free-Standing Building, Street Retail
Condo? Yes
Building Size (RSF): 1,932 SF
Gross Building Area: See Agent
Gross Land Area: 0.20 Acres
Sale Price: $425,000
Ceiling: 12 ft.
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2018

Overview / Comments

We are pleased to offer for sale this 1,932± square foot freestanding retail building (currently leased), with a two bedroom second-floor apartment, located on a corner lot just one block from L.L.Bean. Combining antique charm and modern updates, this building has a spacious interior that is well suited to many retail uses and offers exceptional year-round traffic and visibility. The adjacent 1,090± square foot building at 25 Bow Street is also available for sale, creating the potential for an even more prominent retail presence in the heart of Freeport. Both buildings have access to a free town parking lot at the rear of the property.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Taxing Authority: Freeport
Tax ID/APN: 13/37
Is Condo?: Yes
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Main Street and Depot Street
Property Visibility: Excellent
Largest Nearby Street: Main Street/US Route 1
Feet of Frontage: 189
Traffic/Vehicle Count: 4,170
Highway Access: Just off Route 1 (Main Street) and 0.5 mile to I-295
Site Description: Level, open
Area Description: Freeport, Maine is a coastal village known for its charming historic streetscapes, famous brand outlet shopping and the LLBean flagship store.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1860
Roof Type: Gable
Construction/Siding: Wood Frame, Wood Siding
Parking Type: Surface
Parking Description: Parkind on site, street parking and municipal lots nearby
Heat Type: Natural Gas, Oil
Lot Frontage: 189
Lot Depth: 95
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Cumberland County Registry of Deeds Book 25447 Page 201

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,485 7,004 15,907
Median Age: 42.12 44.47 44.89
Households: 710 2,846 6,578
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.