31 Duck Cove RdOrland, ME 04472
- Retail properties
- 0.28 AC
Property Details for 31 Duck Cove Rd
- Lot size
- 0.28 AC
- Zone code
- RA
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- ORLA M:017 L:005-C
- APU
- ORLAM017L005C
Description
This exceptional commercial property presents a rare opportunity to acquire a well-established grocery store in Orland, Maine. Located at 31 Duck Cove Rd, 04472, this two-story building boasts 2,308 square feet of retail space, ideal for a variety of uses. The property sits on a 0.28-acre lot and includes ample parking for 10 vehicles, ensuring convenient access for customers. Snowmans Grocery, a beloved local business operating since 1970, has built a strong reputation within the community. The building benefits from convenient town water and sewer connections. The property's prime location on Route 46 guarantees high visibility and significant foot traffic, making it an attractive investment for both established businesses and new ventures. The asking price is $189,900, translating to $82.28 per square foot. This represents a compelling opportunity to own a profitable business in a thriving Maine community. The zoning information is currently unavailable. The current owners are D and L Raymond, Inc. This turnkey operation offers immediate income potential and significant upside for a savvy investor. Don't miss this chance to own a piece of Orland's history and secure a promising future in the commercial real estate market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,964,297
- 6.5%
- $2,736,274
- 7%
- $2,540,826
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,016,023
- Geo Method
- $4,016,023
-
Alternative Use
- Use
- Valuation
- Residential
- $2,308,150
- Hospitality
- $2,114,252
- Educational
- $1,759,033
- Medical
- $1,819,529
- Retail
- $2,736,274
Location Insight
- City
- Orland
- County
- Hancock
- State
- Maine
- Latitude
- 44.5713
- Longitude
- -68.7629
Property Tax & Assessments
Comparable in this City
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