Grocery Store and Additional Income Property
Listing was updated on: 06/03/2019
Property Overview
| Price/Rent PSF | $ 695,000.00 |
| Asset Type | Office |
| Trade Type | Sale |
| SQ. FT. Available | 5,250 |
| Date Available | 02/18/2019 |
| Additional URL | Link |
| Additional parameters | Show |
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Description
Location
Confidential
Sale
Friendly neighborhood grocery store and deli successful for over 80 years! Located in southern Maine in an excellent high visibility location on the main north/south corridor through town. The business has a parking lot that provides plenty of parking and easy in/out. The store is very popular because of its friendly staff, wide variety of products, and weekly specials. Well known for their quality meats at reasonable prices, in house bakery products, made to order subs and grab and go prepared meals.
There is significant unrealized income potential. This business does not sell tobacco products or lottery tickets. The addition would be very popular with the customers and would add additional revenue.
Real estate is included with this sale. The business occupies the bottom floor of a two-story commercial building. There are two apartments upstairs. One is occupied by an employee at an under-market rate, and the other apartment has been purposely kept vacant for occasional visits from out of town family.
There is a second, adjacent commercial building included with the sale. It has commercial/retail space downstairs and two apartments upstairs. This building is not currently being utilized. With some minor rehab, this building could be providing significant additional cash flow.
Location