Address
60 Ocean Street South Portland, ME
Price
$ 2,295,000
Property Attributes
- MLS#1480670
- TypeCommercial
- CountyCUMBERLAND
- CitySouth Portland
- Zip04106
- StyleHotel/Motel,Restaurant
- Year Built2019
- Taxes17335
- Price$ 2,295,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7224
- Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Keller Williams Realty
Data Source:
Maine Listings
Property Description
Attention investors and restaurant/hospitality operators! Newly built property (2019) located on a corner lot in the popular Knightville neighborhood with frontage on both Ocean and C Streets and 8 off-street parking spaces. This 7,224+/- SF turn-key property offers street level restaurant space and second floor hospitality area that can be used as a boutique hotel. The restaurant is currently configured at 75 seats and will nicely accommodate a band for live music. With a pure restaurant focus, seating could be substantially expanded. The restaurant space includes basement storage/prep area, full kitchen, bar, dining room, and stage area. There is also patio space for outdoor dining in warmer months. The second level features a 6-unit boutique hotel as approved by the city of South Portland with a lobby area, a one-bedroom suite with fully-equipped kitchen and private balcony, plus five additional ensuite bedrooms with large windows and abundant natural light. The second floor has a large community balcony and can be accessed via stairs or elevator/chair lift. The building has been previously approved to expand an additional 3 stories to make it a 5-story building. Furnishings and restaurant equipment are included in the sale.
General Features
| Construction | Wood Frame |
|---|---|
| Cooling | Central Air |
| Electric | Circuit Breakers |
| Gas Y/N | Natural - At Street |
| Location | Near Shopping |
| Parking | 5 - 10 Spaces, Off Site, On Site |
| Primary Use | Mixed Use |
| Property Type | D |
| Property Uses | Hotel/Motel, Restaurant |
| Roof | Flat |
| Sewer | Public Sewer |
| Status | Active |
| Tax Year | 20/21 |
| Water | Public |
| Zoning | VC |
Interior Features
| Accessibilitiy Amenities | Elevator/Chair Lift |
|---|---|
| Basement | Full |
| Heating Fuel | Electric |
| Heating System | Forced Air |
Exterior Features
| Road Frontage +/- | 145.00 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 04106
Statistics provided by Inside Real Estate
Price
Taxes
Visits
Year Built
Walkscore
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified ©2021 Maine Real Estate Information System, Inc. All Rights Reserved.
