Ashley's Restaurant

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30162054
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Vehicle Related, Other
Status: Pending
Building Size (RSF): 2,172 SF
Gross Building Area: See Agent
Gross Land Area: 0.94 Acres
Sale Price: $180,000
Unit Price: $82.87 PSF
Ceiling: 8 ft.
Property Use Type: Vacant/Owner-User
Building Name: Ashley's Restaurant
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/16/2018

Overview / Comments

We are pleased to offer for sale a unique opportunity to own a landmark restaurant that is turn-key ready for operation. Ashley's Restaurant is licensed to seat 28 customers and comes fully equipped. The sale also includes a separate, two-bedroom residence and additional commercial building. Located on busy Route 111 with ample parking and signage opportunities. Please contact Broker for additional details.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: Arundel and Lyman
Tax ID/APN: Arundel Map 20 Lot 5; Lyman Map 12 Lot 18-1
Zoning: R-4; ARD
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Infinity Federal Credit Union and Dubois Road
Property Visibility: Excellent
Largest Nearby Street: Goodwins Mills Road
Feet of Frontage: 175
Traffic/Vehicle Count: 17,190
Highway Access: Approximately 5 miles to I-95 (Maine Turnpike)
Airports: Biddeford Municipal Airport, Portland International Jetport
Site Description: Level, open
Area Description: The Town of Arundel consists of approximately 24 square miles with 45 miles of Town roads. The City of Biddeford and the towns of Kennebunkport, Kennebunk, Lyman and Dayton border it. Arundel's population is currently about 4,022 people based upon the 2010 census, approximately 13% higher than the population found in the 2000 census. Three major routes, Interstate 95 (Maine Turnpike), Route 1 (Portland Road) and Route 111 (Alfred Road), run through Arundel connecting Biddeford to Sanford and Kennebunk, Kennebunkport.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Year Built: 1943
Year Renovated: 2006
Roof Type: Gable
Construction/Siding: Wood Siding
Parking Type: Surface
Parking Description: Ample on-site parking
Heat Type: Oil, Hot Water
Air Conditioning: Package Unit
Lot Frontage: 175
Lot Depth: 250
Water Service: Other
Sewer Type: Septic
Easements: Other
Easements Description: See deed
Legal Description: Book 14785 Page 0956 (York County)

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,364 16,147
Median Age: 41.18 42.64
Households: 1,634 6,109
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.