3 Oak StArundel, ME 04002

Property Details for 3 Oak St

Year built

1850

Lot size

2.58 AC

Property size (Sq ft)

6,400 SF

Property type

Hospitality properties

Property subtype

Other retail properties

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.

Location Insight

City

Arundel

County

York

State

Maine

Latitude

43.4768

Longitude

-70.7172

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