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Bean Group
Offered at $1,295,000Under Contract
beds
—
baths
0
sq ft
7,960
Built
1940

3 E Grand Avenue

Scarborough, ME 04074

About this home

Prime Mixed-Use Investment Opportunity in Pine Point, Scarborough Rare opportunity to own a beautifully renovated 7,960± SF mixed-use property in the highly sought-after Pine Point neighborhood of Scarborough. Updated in 2017, this exceptional property features a 4,000± SF turnkey restaurant space fully equipped and ready for operation, with seating for over 130 guests. The restaurant boasts a stunning outdoor patio complete with a gas fire pit, creating an inviting atmosphere for both daytime and evening dining. In addition to the restaurant, the property includes a successful gift shop retail space and two spacious 3-bedroom apartments on the second floor, providing multiple income streams. Tenants enjoy dedicated green space, while customers and residents benefit from approximately 30 on-site parking spaces. Ideally located just minutes from Pine Point Beach and Old Orchard Beach, this versatile property offers outstanding visibility, strong tourism-driven traffic, and tremendous potential for owner-users and investors alike. Don't miss your chance to acquire this unique coastal asset in one of Southern Maine's most desirable and rapidly growing communities.

Listing last checked: Listing updated:

Listed by Listing Agent · F.O. Bailey Real Estate · MLS #1670684

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Details at a glance

Interior3 property facts
Heating
Oil, Propane, Forced Air, Heat Pump
Cooling
Other
Flooring
Other
Building3 property facts
Style
Mixed Use
Year built
1940
Roof
Shingle
Land & utilities5 property facts
Lot size
1.3 acres
Water
Public
Sewer
Public Sewer
Waterfront
Y
Zoning
Town Village Center
Financial2 property facts
Annual taxes
$17,336
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $1,295,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$7,993 / monthAdjust
Principal & interest
$6,548
Property tax
$1,445
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $17,336. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 3 E Grand Avenue

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Request a tour of 3 E Grand Avenue and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.