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517 Ocean House Rd
Cape Elizabeth, ME 04107
Retail Property For Sale
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
$2,468,520 CAD
Price Per SF
$509.60 CAD
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
PROPERTY TAXES
| Parcel Number | CAPE-018013U | Improvements Assessment | $1,204,912 CAD |
| Land Assessment | $457,499 CAD | Total Assessment | $1,662,411 CAD |
PROPERTY TAXES
Parcel Number
CAPE-018013U
Land Assessment
$457,499 CAD
Improvements Assessment
$1,204,912 CAD
Total Assessment
$1,662,411 CAD
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