Bought with Jeana M Hale-Dewitt • 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.
1.68 Acres Lot
SOLD DATE : 08/29/2024
Key Details
Sold Price $500,000
Property Type Commercial
Sub Type Business,Hospitality,Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5004294
Sold Date 08/29/24
Year Built 1974
Annual Tax Amount $6,610
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, both on 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 Me-cumberland
Area Me-Cumberland
Zoning Commercial Corridor
Interior
Heating Gas - LP/Bottle
Cooling Mini Split
Exterior
Garage Parking Spaces 21+, Paved
Garage Description Parking Spaces 21+, Paved
Utilities Available Cable
Roof Type Metal
Building
Foundation Slab - Concrete
Sewer 1500+ Gallon
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