3 Oak St Arundel, ME 04002
- Retail properties
- 6,400 SF
- 2.58 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3 Oak St
- Year built
- 1850
- Lot size
- 2.58 lot acres
- Property size
- 6,400 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional Southern Maine restaurant presents a unique investment opportunity. Located at 3 Oak St, Alfred, ME 04002, this 6,400 square foot establishment sits on a 2.58-acre lot in the Center Village/business zone. Originally built in 1850 and renovated in 1977, the property boasts beautiful dining rooms, a welcoming bar, and two outdoor patios – one complete with a cozy wood-burning fireplace. A grand lobby with its own fireplace greets guests upon arrival. The restaurant enjoys a loyal clientele, with 85% repeat business, providing a strong foundation for continued success. Ample parking is available. The spacious layout is ideal for hosting a wide variety of events, from intimate gatherings to large-scale celebrations, with over 200 parties hosted annually. The asking price is $2,395,000. This turnkey operation offers significant upside potential for increased revenue and profits, making it an attractive investment in the thriving hospitality sector. The property's combination of historical charm, modern amenities, and prime location ensures a strong return on investment. This is a rare opportunity to acquire a well-established and highly profitable restaurant in a desirable Southern Maine setting.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arundel
- County
- York
- State
- Maine
- Longitude
- -70.7172
- Latitude
- 43.4768
