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: |
$64.60 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/7/2023 |
Overview / Comments
|
Iconic 180+ seat restaurant and very popular landmark bar located along heavily traveled US Route One and close to OOB tourist community offering over 9,000 sf of space on three floors including office area, 50+ parking spaces in large paved parking lot with views of beautiful Scarborough marsh. Other possible uses with Town approval - located in RF zone with small area in RP. Highly visible location and easily accessible. Showings with notice only and with listing agent present. Property has overboard discharge system with treatment plant for septic.
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$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 |
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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