165 Pine Point RdScarborough, ME 04074

Property Details for 165 Pine Point Rd

Year built

1981

Lot size

0.93 AC

Property size (Sq ft)

2,747 SF

Zone code

12

Property type

Turn key restaurants

APN

SCAR M:R068 L:006B

APU

SCARMR068L006B

Description

This exceptional restaurant opportunity presents a fully operational, turn-key establishment at 165 Pine Point Road in Scarborough, Maine. The property boasts a substantial 3,018 square feet of space, encompassing both indoor and outdoor seating areas, designed to maximize customer flow and experience. The location is highly desirable, situated on a sizable 93-acre lot, offering ample parking and visibility. The restaurant is currently vacant, presenting a unique chance for an immediate start. All existing equipment is included, eliminating the need for significant upfront investment in kitchen infrastructure and furnishings. The layout is well-suited for continued operation as a seafood restaurant, given its existing configuration and established reputation within the community. The property's prime location in Scarborough, Maine, ensures high foot traffic and visibility, making it an ideal location for a thriving culinary business. The single-tenant occupancy simplifies management and allows for complete control over the space and its operations. This is a rare opportunity to acquire a well-established restaurant location with significant potential for growth and success. The property is ready for immediate occupancy, allowing for a swift transition and commencement of business operations. The expansive outdoor seating area provides additional capacity and enhances the overall dining experience. The included walk-up, quick-serve takeout option adds another revenue stream and caters to a broader customer base. This turnkey operation minimizes start-up costs and allows for immediate revenue generation.

• CAP approach

  CAP return

  Valuation

  6%

  $667,617

  6.5%

  $616,262

  7%

  $572,243

• Comparable approach

  Method

  Valuation

  Relative Method

  $904,486

  Geo Method

  $904,486

• Alternative Use

  Use

  Valuation

  Residential

  $519,840

  Hospitality

  $476,170

  Educational

  $396,168

  Medical

  $409,793

  Retail

  $616,262

Location Insight

City

Scarborough

County

Cumberland

State

Maine

Latitude

43.5577

Longitude

-70.3672

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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