• Year Built: 1840
Undisclosed is aretail property for lease in Ogunquit, ME.
This exceptional property has enjoyed an excellent reputation for over 30 years and is a landmark in a heavily frequented Seacoast area of So Maine. The ambiance and layout make it truly a restaurant and lounge to own that also has an accomplished function component. The grounds are magnificent and the potential exists to expand other revenue streams as well. The reputation is impeccable and they serve the finest food and spirits around.
This investment is perfect for a Chef Owner who wants to display their culinary techniques and even offer cooking classes, seminars or events .
The facility can accommodate 200 plus people with a 25 stool bar and surrounding lounge in addition to a potential structure for future development. Parking is ample for a large function of 200 in addition to handling a busy dining room.
The investor side of the transaction is also attractive and could offer a long term lease back that could provide a Capitalization Rate in excess of 8.5%.