for sale or lease - King Real Estate

KING REAL ESTATE
FOR SALE OR LEASE
Exceptionally Located Restaurant with Indoor/Outdoor Service
Located Steps from Beach Adjacent to Palace Playland & Pier
For more information,
please contact:
Danielle Lape
Associate Broker
KING REAL ESTATE
198 Saco Avenue
Old Orchard Beach,
Maine 04064
T. 207.934.7622
F. 207.934.1566
C. 207.730.2476
Email:
[email protected]
27 West Grand Avenue—Old Orchard Beach, Maine
Property Highlights
•
1,000+/- sf Restaurant with Beer/Wine
License & Indoor and Outdoor Seating
•
1 Bedroom, 1 Bath Apartment Included in
Sale with Large Deck Overlooking Ocean
•
Ideally Located on Beach Side of West
Grand Avenue in the Heart of OOB!
•
Full Finished Basement with Office &
Shower and Other Restaurant Equipment
•
Heavy Pedestrian & Vehicular Traffic
•
All FF&E Included in Sale Price
•
Excellent Signage and Visibility—Only
•
Parking Lot Between Property and 7 Miles
of Sandy Beach in Famous OOB!
Close to All Area Amenities including
Palace Playland, Old Orchard Beach Pier,
Pirate’s Cove and many more
Commercial & Residential Real Estate Sales– Leasing—Development—Investment—Acquisition
The information contained herein has been obtained from third parties and as such has not been verified. As such, King Real Estate makes not guarantee,
warranty or representation about such information. It is your responsibility to independently confirm its accuracy and completeness. Any dimensions, specifications, floor plans and information may not be accurate and should be verified by you prior to the lease or purchase of the property.
KING REAL ESTATE
27 West Grand Avenue—Old Orchard Beach, Maine
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West Grand Avenue is a 3,596+/- sf property including a 1,070+/- sf restaurant offering breakfast, lunch &
dinner service with beer & wine license in place, indoor & outdoor seating, strategically located on the beach
side of West Grand Avenue in the heart of Old Orchard Beach. This phenomenal location offers unsurpassed
visibility and accessibility to the heavy pedestrian & vehicular traffic during the incredibly busy summer season. Currently run as
a seasonal business, a year round business is possible as other restaurateurs in area are staying open year round more and more
as the population of Old Orchard Beach grows at a steady pace—with 10%+ growth reported each year. Offered in sale
price is all FF&E of restaurant which includes a fully finished basement with office and walk in coolers and a shower as well as a
1 bedroom, 1 bath apartment with huge deck overlooking the ocean. This is the best location in town for a great price!
Property Details
Aerial Photograph
Address:
27 West Grand Avenue—Old Orchard Beach
Owner:
Dunegrass by the Sea LLC
Acreage:
.06+/- acres
Map/Lot:
Map 307, Block 1, Lot 3
Building SF:
3,596+/- sf as follows:
1,071+/- sf restaurant; 446+/- sf 1 BD, 1 BA
apartment; 1,070+/- sf finished basement
316+/- sf deck; 414+/- sf patio; 132+/- sf
porch—(1,516+/- sf living area per Assessor)
Utilities:
Public water & sewer
Assessed Value:
Building: $ 140,700.00
Land:
187,900.00
Total:
$ 328,600.00
2010-11 Taxes:
$ 4,403.24 (mil rate: $13.40/$1,000 for 2010)
No. of Stories:
1 3/4 with full finished basement
Age:
Constructed in 1920 and renovated in 1992
Exterior:
Clapboard on Wood Frame
HVAC:
Gas fired heat—forced hot air
Flooring:
Commercial grade carpet & tile
Parking:
Area surface lots at seasonal rates
Signage:
Building façade & entrance doors
Zoning:
Commercial
Interior Photographs—Kitchen Area
Lease Details
Available Space: 1,071+/- sf first floor fully equipped restaurant
space—apartment excluded from lease rate but
could be separately negotiated (currently rented)
Lease Rate:
$ 2,000 per month NNN—Tenant pays
Heat, electric, water, sewer and trash charges.
Sale Details
Sale Price:
Priced to sell at $ 399,900!
Commercial & Residential Real Estate Sales—Leasing—Development—Acquisition
Information contained herein was obtained from third parties, and has not been independently verified by the real estate brokers. Buyers/tenants should
have their choice to inspect the property and verify all information. Real estate brokers are not qualified to act as or select experts with respect to legal,
tax, environment, building construction, soils-drainage or other such matters.
KING REAL ESTATE