31 Duck Cove RdOrland, ME 04472

Property Details for 31 Duck Cove Rd

Lot size

0.28 AC

Zone code

RA

Property type

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.

• 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

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