3 Grand Ave Scarborough, ME 04074

This exceptional mixed-use property at 3 East Grand Avenue in Scarborough, Maine, presents a unique owner-user opportunity. Situated on a 1.3-acre lot directly across from Pine Point Beach, this two-story, 7,960 square foot building boasts a vibrant mix of commercial and residential space. The ground floor currently houses three thriving retail businesses: a pizza takeout, a 130-seat restaurant, and a gift shop, all operating at 100% occupancy. The second floor provides six dormitory-style bedrooms, currently used for staff housing, but easily convertible back into two three-bedroom apartments suitable for short-term or long-term rentals, or private use. Built in 1940 and extensively renovated in 2017, the property features 30 parking spaces and is zoned Town Village Center 4. The asking price is $1,895,000, and the existing lease has one year remaining. Fixtures, furniture, and equipment are negotiable. This investment offers significant potential for both immediate income and long-term appreciation in a highly desirable beachfront location. The property's strong performance and prime location make it an ideal investment for an owner-operator seeking a blend of commercial and residential income streams.