Southport General Store

Retail-Commercial for Sale
Catylist Listing ID: 30126758
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 3,966 SF
Gross Building Area: See Agent
Gross Land Area: 1.05 Acres
Sale Price: $1,200,000
Unit Price: $302.57 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Southport General Store
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/20/2017

Overview / Comments

We are pleased to present for sale the historic Southport General Store, prominently located across from the Civil War Monument on Rt. 27 since 1882. For the past 13 years, the current owners have lovingly maintained and renovated the site and three buildings, adding a wine room, professional kitchen and baking area, enclosed deck, expanded parking lot and generator. They also remodeled the barn interior, apartment over the store, and replaced all roofs. Their web site, southportgeneralstore.com, provides a great deal of historical information regarding the store and reflects the work and creativity devoted to the business over the past decade. Please contact the Broker for additional information, financials and the extensive equipment inventory.

Additional Details

Nearest MSA: Portland-South Portland
County: Lincoln
Submarket/Township: Brunswick/Topsham
Zoning: GROWTH DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Excellent
Largest Nearby Street: State Route 27
Feet of Frontage: 276
Traffic/Vehicle Count: 1,980
Site Description: The lot slopes slightly to the south. The area in front of the store is improved with asphalt. A gravel parking lot is located in the rear of the store.
Area Description: Southport is a town on Southport Island, off the midcoast of Maine, and includes the villages of Southport, West Southport, Cape Newagen and Squirrel Island. Southport's restaurants, inns and coastal attractions draw significant tourist traffic.
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 3
Property Condition: Excellent
Year Built: 1900
Year Renovated: 2007
Roof Type: Gable
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Four paved spaces in front of store, with additional gravel lot for 20+ behind
Sprinklers: None
Heat Type: Oil
Lot Frontage: 276' on Route 27
Water Service: Municipal
Sewer Type: Septic
Easements: Ingress/Egress
Easements Description: 30' ROW along eastern border

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 606 2,771 6,092
Median Age: 60.15 56.61 53.79
Households: 316 1,400 2,899
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