60 Ocean Street, South Portland, ME 04106 (MLS# 1480670)

Attention investors and restaurant/hospitality operators! Newly built property (2019) located on a corner lot in the popular Knightville neighborhood with frontage on both Ocean and C Streets and 8 off-street parking spaces. This 7,224+/- SF turn-key property offers street level restaurant space and second floor hospitality area that can be used as a boutique hotel. The restaurant is currently configured at 75 seats and will nicely accommodate a band for live music. With a pure restaurant focus, seating could be substantially expanded. The restaurant space includes basement storage/prep area, full kitchen, bar, dining room, and stage area. There is also patio space for outdoor dining in warmer months. The second level features a 6-unit boutique hotel as approved by the city of South Portland with a lobby area, a one-bedroom suite with fully-equipped kitchen and private balcony, plus five additional ensuite bedrooms with large windows and abundant natural light. The second floor has a large community balcony and can be accessed via stairs or elevator/chair lift. The building has been previously approved to expand an additional 3 stories to make it a 5-story building. Furnishings and restaurant equipment are included in the sale.

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