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47 E Grand Ave
Old Orchard Beach, ME 04064

Pierre's · Retail Property For Sale

Investment Highlights

  • Heavy foot traffic
  • Recently updated
  • Long history as Breakfast/Dinner Restaurant

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
4,110 SF
Building Class
B
Year Built/Renovated
1946/2013
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.89
Lot Size
0.05 AC
Zoning
DD
Frontage
32 FT on 47 E Grand Ave.

Amenities

  • Restaurant
  • Signage
  • Air Conditioning

About 47 E Grand Ave , Old Orchard Beach, ME 04064

Great location near beach and downtown district. A fully equipped 104 seat restaurant that was extensively renovated in 2013 and brought up to code at that time. There are 10 rooms, rental/living area situated above the restaurant. Ideal for owners/employee housing for the summer. Although the property has operated as a restaurant for over 40 years, the current owners have not run it for past 2 years. They have only rented out the rooms above for student housing. There are no financials for this business/property sale. This property is being sold separately, however the abutting "Barefoot Boy Restaurant" is also available for sale at the price of $425.00, and can be combined leaving many options available for future usage of these properties. There are water views from the above apartments.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
OOBH-000305-000004-000004
Land Assessment
$120,000
Improvements Assessment
$229,000
Total Assessment
$349,000
  • Listing ID: 17698979

  • Date on Market: 11/12/2019

  • Last Updated:

  • Address: 47 E Grand Ave, Old Orchard Beach, ME 04064

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