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28 E Grand Ave
Old Orchard Beach, ME 04064
Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Heavy Foot Traffic & Across the street from the Beach
  • Victorian building with both inside and outside seating
  • Owners Apartment situated above the restaurant.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
4,430 SF
Building Class
C
Year Built/Renovated
1900/1996
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
9’
Building FAR
0.41
Lot Size
0.25 AC
Zoning
DD-2
Parking
10 Spaces (2.57 Spaces per 1,000 SF Leased)
Frontage
68’ on E Grand Ave

AMENITIES

  • Fenced Lot
  • Restaurant
  • Security System
  • Signage
  • Air Conditioning

ABOUT 28 E GRAND AVE , OLD ORCHARD BEACH, ME 04064

The Landmark Restaurant. This is a well established (25 years current owners)restaurant that is ideally located just a block from the downtown, and across the street from the beach. Ocean Views from some of the rooms. This restaurant offers both upscale dining inside or if you prefer a more casual outside dining experience. They have created a diversity, offering the best of both worlds to accommodate all their individual guests dining tastes. The Landmark has three distinct dining areas. A more intimate, elegant feeling inside with original tin ceilings, beautiful molding, and seating for 30. The enclosed porch, with lots of windows and with a view of the pedestrians walking by, has seating for 50. Then we have the outside patio, for a casual, "come as you are" and enjoy a taste of Maine steamed Lobsters, Clams and Corn, for a true New England dining experience.. seating outside will accommodate 60-75. Total seating capacity is approximately 155. The basement has a walk-in cooler and prep station. Located directly above the restaurant are two levels, 9 rooms, of owners quarters. This building used to be a rooming house, and could certainly be used as a Bed & Breakfast or perhaps a 2nd floor lounge with ocean views. Seller has preliminary plans showing a potential for expanding and/or developing with condos.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
OOBH-000306-000005-000006
Land Assessment
$253,900
Improvements Assessment
$366,100
Total Assessment
$620,000
  • Listing ID: 17709699

  • Date on Market: 11/13/2019

  • Last Updated:

  • Address: 28 E Grand Ave, Old Orchard Beach, ME 04064

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