31 Duck Cove RdOrland, ME 04472

  • Retail properties
  • 0.28 AC
For Sale
$189,900 View listing

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
31 Duck Cove Rd, Orland, Maine

Location Insight

City
Orland
County
Hancock
State
Maine
Latitude
44.5713
Longitude
-68.7629

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,577
$37,040
$96,790
$133,830
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-
-
-

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