788 Washington Avenue

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30038831
Property Subtypes: Free-Standing Building
Status: Pending/Contingent
Building Size (RSF): 1,363 SF
Gross Building Area: See Agent
Gross Land Area: 0.41 Acres
Sale Price: $850,000
Unit Price: $623.62 PSF
Property Use Type: Investment, Business
Building Name: 788 Washington Avenue
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/22/2018

Overview / Comments

Cardente Real Estate is pleased to offer for sale this well-known pizzeria with turn-key kitchen. It offers 1,363± square feet of retail space with expansion potential. The corner lot, located at the intersection of Washington and Ocean Avenues, has over 262' of frontage, easy access from all directions and ample on-site parking. This is a heavily traveled route–especially during morning and afternoon commutes and during sports and cultural events downtown. It is a perfect location for a food establishment or destination retail business that can draw in many local clientele.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Taxing Authority: NA
Zoning: B1
Retail Clientele: General, Family, Tourist
Property Located Between: Washington and Ocean Avenues
Property Visibility: Excellent
Largest Nearby Street: Washington Avenue
Feet of Frontage: 260
Traffic/Vehicle Count: 19,330
Highway Access: Close to I-295
Airports: Portland International Jetport
Site Description: Located at lighted intersection of Washington and Ocean
Area Description: The Greater Portland area hosted 5.4 million visitors in 2016, who spent $682 million at area businesses, according to the Greater Portland Convention + Visitors Bureau.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1960
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Ample Parking Spaces on Paved Lot
Interior Description: Turn key kitchen
Zoning Description: B1
Lot Frontage: 262
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,837 71,790 116,242
Median Age: 40.75 37.77 39.18
Households: 5,930 33,275 52,053
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.