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7 Oak St
Alfred, ME 04002
Southern Maine Restaurant · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Recently refurbished & regular clientele with 85% repeat clientele provide turnkey opportunity
  • Ideal location for gatherings and events
  • Outdoor Seating in two distinct locations
  • Turn-key and offering upside potential for increased revenue and profits
  • Indoor / Outdoor fireplace
  • Spacious bars / Ample parking

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
7,134 SF
Building Class
C
Year Built
1930
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Lot Size
0.32 AC
Parking
15 Spaces (2.1 Spaces per 1,000 SF Leased)
Frontage
181’ on Oak St St

AMENITIES

  • Air Conditioning

ABOUT 7 OAK ST , ALFRED, ME 04002

Features beautiful dining rooms and a welcoming bar, complemented by two outdoor patios— one of which features a cozy wood-burning fireplace. Inside, guests are greeted by a grand lobby with its own fireplace, creating a warm and inviting atmosphere accompanied by oversized, comfortable chairs. New hardwood floors throughout the restaurant enhance the aesthetic appeal, contributing to the unique establishment's overall sophisticated yet intimate feel. The restaurant is fully staffed with a team of highly trained and dedicated professionals. Many of the front-of-house employees are cross-trained between the bar and service, ensuring flexibility and seamless operations. The staff's loyalty to the establishment is a testament to their satisfaction with wages that are competitive with or exceed market standards. This team is likely to remain committed under new ownership, providing a smooth transition for continued success.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
ALFR-000014-000000-000007
Land Assessment
$227,380
Improvements Assessment
$1,299,608
Total Assessment
$1,526,988
  • Listing ID: 33324099

  • Date on Market: 9/27/2024

  • Last Updated:

  • Address: 7 Oak St, Alfred, ME 04002

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