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517 Ocean House Rd 4,844 SF 100% Leased Retail Building Cape Elizabeth, ME 04107 $1,800,000 ($371.59/SF)

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INVESTMENT HIGHLIGHTS

  • Beautiful 80-Seat Restaurant Built in 2015
  • Second-floor Apartment
  • Turn-key Space with Equipment Included
  • Additional Buildable Lot

EXECUTIVE SUMMARY

We are pleased to offer this exceptional 4,844± SF building, constructed in 2015, for sale at 517 Ocean House Road. The property provides a rare opportunity to establish a restaurant in one of Maine’s most sought-after markets, or to convert the building to alternative uses. It features a state-of-the-art kitchen and is fully turn-key for restaurant operations. A second-floor apartment offers the potential for additional income, and the lot is approved for future expansion. The property also benefits from excellent visibility and strong traffic counts.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,844 SF
Building Class
C
Year Built
2015
Price
$1,800,000
Price Per SF
$371.59
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.16 AC
Zoning
Commercial - BA
Frontage
250’ on Ocean House Rd

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Accommodation and Food Services
  • -
  • -
  • Jan 0000

Rooted in classic road house heritage, Bird Dog straddles that center line between sophisticated and casual, creative and simple, special and familiar. Elevated takes on homey American fare at a fair price, fresh beer poured from the cleanest lines, and inventive cocktails make this place a go-to gathering spot. After taking over Rudy’s of the Cape — a local standby for many years — Cape Hospitality Group transformed the small sandwich shop and bar into a welcoming coastal road house. Bird Dog Roadhouse is now a glistening cottage-style building that is host to all manner of guests — whether you want to pop in for a quick beer and app after work, swing through for a takeout pizza, or enjoy an intimate dinner off the Peninsula (with plenty of parking!). We’re proud of our heritage of being a casual gathering spot and hope you can join us soon for a delicious meal, a good laugh, and delightful company.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Accommodation and Food Services - - Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
CAPE-018013U
Land Assessment
$333,600
Improvements Assessment
$878,600
Total Assessment
$1,212,200
  • Listing ID: 39214893

  • Date on Market: 1/26/2026

  • Last Updated:

  • Address: 517 Ocean House Rd, Cape Elizabeth, ME 04107

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