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

Basement Full
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 Pending
Tax Year 20/21
Water Public
Zoning VC

Interior Features

Accessibilitiy Amenities Elevator/Chair Lift
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
AVG $460K
$2.3M
Taxes
AVG $4,103
$17,335
Visits
AVG 16
25
Year Built
AVG 1961
2019
Walkscore
AVG 41
71
Data Provided by Walkscore ® not using MLS data

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