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Conroy's Garage 3 E Grand Ave 7,960 SF 100% Leased Retail Building Scarborough, ME 04074 $1,295,000 ($162.69/SF)
Executive Summary
Prime Mixed-Use Investment Opportunity in Pine Point, Scarborough
Rare opportunity to own a beautifully renovated 7,960± SF mixed-use property in the highly sought-after Pine Point neighborhood of Scarborough. Updated in 2017, this exceptional property features a 4,000± SF turnkey restaurant space fully equipped and ready for operation, with seating for over 130 guests. The restaurant boasts a stunning outdoor patio complete with a gas fire pit, creating an inviting atmosphere for both daytime and evening dining.
In addition to the restaurant, the property includes a successful gift shop retail space and two spacious 3-bedroom apartments on the second floor, providing multiple income streams. Tenants enjoy dedicated green space, while customers and residents benefit from approximately 30 on-site parking spaces.
Ideally located just minutes from Pine Point Beach and Old Orchard Beach, this versatile property offers outstanding visibility, strong tourism-driven traffic, and tremendous potential for owner-users and investors alike.
Don't miss your chance to acquire this unique coastal asset in one of Southern Maine's most desirable and rapidly growing communities.
Rare opportunity to own a beautifully renovated 7,960± SF mixed-use property in the highly sought-after Pine Point neighborhood of Scarborough. Updated in 2017, this exceptional property features a 4,000± SF turnkey restaurant space fully equipped and ready for operation, with seating for over 130 guests. The restaurant boasts a stunning outdoor patio complete with a gas fire pit, creating an inviting atmosphere for both daytime and evening dining.
In addition to the restaurant, the property includes a successful gift shop retail space and two spacious 3-bedroom apartments on the second floor, providing multiple income streams. Tenants enjoy dedicated green space, while customers and residents benefit from approximately 30 on-site parking spaces.
Ideally located just minutes from Pine Point Beach and Old Orchard Beach, this versatile property offers outstanding visibility, strong tourism-driven traffic, and tremendous potential for owner-users and investors alike.
Don't miss your chance to acquire this unique coastal asset in one of Southern Maine's most desirable and rapidly growing communities.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Service Station
Building Size
7,960 SF
Building Class
C
Year Built/Renovated
1940/2017
Price
$1,295,000
Price Per SF
$162.69
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.14
Lot Size
1.30 AC
Zoning
Town Village Center 4
Parking
30 Spaces (3.77 Spaces per 1,000 SF Leased)
Frontage
135’ on E Grand Ave
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | SCAR-000022U-000000-000123 | Improvements Assessment | $882,500 |
| Land Assessment | $647,600 | Total Assessment | $1,530,100 |
Property Taxes
Parcel Number
SCAR-000022U-000000-000123
Land Assessment
$647,600
Improvements Assessment
$882,500
Total Assessment
$1,530,100
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Conroy's Garage | 3 E Grand Ave
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