Bought with Badger Peabody & Smith Realty
$500,000
$599,000
16.5%For more information regarding the value of a property, please contact us for a free consultation.
4,000 SqFt
SOLD DATE : 08/29/2024
Key Details
Sold Price $500,000
Property Type Commercial Sale
Sub Type Mixed Use
Listing Status Sold
Square Footage 4,000 sqft
MLS Listing ID 1596333
Sold Date 08/29/24
HOA Y/N No
Originating Board Maine Listings
Year Built 1974
Annual Tax Amount $6,611
Tax Year 2023
Lot Size 1.680 Acres
Acres 1.68
Property Description
Located along Route 302 in Bridgton, this commercial building is an excellent opportunity for an investor looking for a fully occupied building to add to their portfolio. There are three units, including the 48 seat restaurant on the first floor known as A La Mexicana, a 1-bedroom apartment and a 3-bedroom apartment, bothon the second floor. The building has seen several major updates with the current owners, most notably the septic which was replaced in 2010 and includes a grease trap for the restaurant, and the metal roof installed in 2009. Tenants pay all utilities, landlord pays property taxes and insurance. The restaurant space is very well kept and features a bar and patio area for additional seating. Showings are best on Monday's when restaurant is closed.
Location
State ME
County Cumberland
Zoning Commercial Corridor
Interior
Heating Forced Air
Cooling Other
Equipment Cable
Exterior
Garage On Site, Paved
View Y/N No
Roof Type Metal
Parking Type On Site, Paved
Building
Story 2
Foundation Slab
Structure Type Wood Siding,Wood Frame
Others
Energy Description Gas Bottled
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