PRICED REDUCED! Iconic Restaurant & Bar in Scarborough

Retail-Commercial for Sale
Catylist Listing ID: 30808541
Property Subtypes: Restaurant
Building Size (RSF): 9,211 SF
Gross Building Area: See Agent
Gross Land Area: 0.73 Acres
Sale Price: $595,000
Unit Price: $64.60 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/7/2023

Overview / Comments

Iconic 180+ seat restaurant and very popular landmark bar located along heavily traveled US Route One and close to OOB tourist community offering over 9,000 sf of space on three floors including office area, 50+ parking spaces in large paved parking lot with views of beautiful Scarborough marsh. Other possible uses with Town approval - located in RF zone with small area in RP. Highly visible location and easily accessible. Showings with notice only and with listing agent present. Property has overboard discharge system with treatment plant for septic.


Finance Data Year 2022
Real Estate Taxes - Annual($) $10,246 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: SCAR-000036U-000000-000004
Zoning: RF/RP
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Milliken Road
Highway Access: Close to Scarborough Turnpike Exit (Exit 42)
Airports: Close to Portland International Jetport
Site Description: Beautiful location across from Scarborough marsh and abutting conservation land.
Area Description: Heavily traveled location along US Route One.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 3,600 SF
Property Condition: Good
Year Built: 1954
Construction/Siding: Block, Stucco, Wood Siding
Parking Type: Surface
Parking Description: 50+ car paved parking lot
Heat Type: Oil
Heat Source: Baseboard
Zoning Description: RF and small amount in RP
Lot Frontage: 250
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 932 16,737 48,058
Median Age: 61.81 43.72 43
Households: 435 6,615 20,305


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