60 Ocean Street, South Portland, ME 04106

$2,000,000

Virtual Tour

https://my.matterport.com/show/?m=PpuVrz7xBpv&mls=1

Property Type: Commercial Square Footage: 7,224 Lot Size (sq. ft.): 4,792 Status: Closed

Current Price: $2,000,000 List Date: 1/26/2021 Last Modified: 1/06/2025

Overview

Description

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 l ... (Read more)

Listing Details MLS# 1480670

Location Information

Street #: 60
Street Name: Ocean
Street Type: Street
County: Cumberland
Town: South Portland
State/Province: ME
Zip Code: 04106
Zip +4: 2829
Leased Land: No
Book: 25303
Page: 286
Map: 15
Lot: 102
Zoning: VC
Zoning Overlay: No
Full Tax Amount $: 17335
Tax Year: 20
Association Y/N: No

Contract Information

Original List Price: 2295000

Property Information

Primary Use: Mixed Use
Surveyed: Unknown
Deed/Conveyance Type Offered: Warranty
Deed: All
Deed Restrictions: Unknown
Year Built: 2019
Year Renovated +/-: 2019
Total # Floors: 2
SqFt Finished Total: 7224
Lot Size Acres +/-: 0.11
Road Frontage +/-: 145

Status Change Info

Pending Date: 2021-04-16
Closed Date: 2021-10-01
Closed Price: 2000000

Water Info

Water Frontage: No
Water View: Yes

Sold Info

Appraiser Email Address: dpierce3@maine.rr.com

More Information

Location

Near Shopping: Yes

Property Uses

Hotel/Motel: Yes
Restaurant: Yes

Construction

Wood Frame: Yes

Basement

Full: Yes

Roof

Flat: Yes

Heat System

Forced Air: Yes

Heat Fuel

Electric: Yes

Cooling

Central Air: Yes

Accessibilitiy Amenities

Elevator/Chair Lift: Yes

Parking

5 - 10 Spaces: Yes
Off Site: Yes
On Site: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - At Street: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Property Features

Location: Near Shopping Construction: Wood Frame Property Uses: Hotel/Motel; Restaurant Basement: Full Roof: Flat Heat System: Forced Air Cooling: Central Air Parking: 5 - 10 Spaces; Off Site; On Site Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

Documents

Civil CD Set ›

MEP Fire Marshal Set ›

Deed ›

Easement Deed (Utilities) ›

Property Disclosure Public Access ›

IDX

Listing Office: Keller Williams Realty

Selling Office: Keller Williams Realty

Last Updated: January - 06 - 2025

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.