Convenience Store with Fuel
1220 Harpswell Neck Road Harpswell, ME 04079
For Sale
$549,000
Turnkey Harpswell Market offers convenience retail plus gas and diesel sales, including liquor and lotto.
Days on Market1348
Property Features for 1220 Harpswell Neck Road
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1960
Listing Agency:
All Points Realty
(207) 208-9052
Listed By:
Barbara Hydock
(207) 208-9052
Source:
Startpoint
Added: Nov 20, 2022
Changed: Jul 27
Last Checked: Jul 29 at 12:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of All Points Realty
Investment Insights
Based on property information with market context.
This turnkey convenience store, known as Harpswell Market, combines retail sales with on-site gas and diesel. The operation also includes liquor and lotto offerings. The property has been refurbished with updated electrical and heating systems, new trade equipment, and refreshed interior finishes including new flooring and paint. Outdoor improvements include a large deck and outdoor seating area.
The business is located on Harpswell Neck Road, next to the Post Office.
The current setup supports day-to-day operations with a full-time staff in place. The information provided also references pending regulatory changes related to underground fuel storage tanks and continued service requirements.
The business is located on Harpswell Neck Road, next to the Post Office.
The current setup supports day-to-day operations with a full-time staff in place. The information provided also references pending regulatory changes related to underground fuel storage tanks and continued service requirements.
Key Highlights
- Turnkey Harpswell Market and convenient store with gas and diesel sales, plus liquor and lotto
- On Harpswell Neck Road next to the Post Office in a high‑traffic area
- Business refurbished with updated electrical and heating systems and new flooring and paint
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.2k | $18.00 |
| − Vacancy | −$6.7k | −$3.06 |
| EGI | $32.6k | $14.94 |
| − OpEx | −$8.1k | −$3.74 |
| NOI | $24.4k | $11.21 |
2,179 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$348.8K
$305.2K – $406.9K
NOI $24,416 @ 7.0% cap · market cap 4.45%
Second Best
Retail
$325.5K
$284.9K – $379.8K
NOI $22,788 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$598.9K
$524.0K – $698.7K
NOI $41,923 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turnkey Harpswell Market offers convenience retail plus gas and diesel sales, including liquor and lotto.
Where is this grocery and convenience store located?
The property is located at 1220 Harpswell Neck Road Harpswell, ME.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Turnkey Harpswell Market and convenient store with gas and diesel sales, plus liquor and lotto; On Harpswell Neck Road next to the Post Office in a high‑traffic area; Business refurbished with updated electrical and heating systems and new flooring and paint
