87 U.S. Highway 1

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87 U.S. Highway 1

Verona Island, ME 04416
Asking Price
$1.90M
Asset Type
Convenience Store Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail convenience store asset offered for sale
  • Total building footprint spans 10,000 square feet
  • Located directly on the busy U.S. Highway 1 corridor
  • Priced at an asking amount of 1,895,000 dollars
  • Situated within the coastal community of Verona Island
  • Property provides significant exposure to regional highway traffic

What's Special

This retail property is currently available for sale, providing a strategic acquisition for investors or owner-operators seeking a foothold in the Verona Island market. Spanning 10,000 square feet, the convenience store facility is situated directly on U.S. Highway 1, benefiting from the visibility and accessibility inherent to this primary regional corridor. Verona Island serves as a localized hub within Maine, connecting travelers and residents along the coast. The structure is well-suited for continued use as a convenience retail center or potential repurposing for businesses that require consistent roadside traffic exposure. With its manageable footprint and primary highway location, the asset functions as a versatile commercial holding for those looking to expand their footprint in a New England coastal setting. The property layout supports operational efficiency for various retail configurations, making it a functional addition to a diverse real estate portfolio.

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NOI
$80,000
Cap Rate
4.22%
DSCR
0.71
Underwater
Cash-on-Cash
-5.72%
Monthly Payment
$9,375.426
Annual Cash Flow
$-32,505.113

Location & Travel Times