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Radka Meader

radka@meadergrouprealty.com +1(603) 502-3544

Listed by Lorie Dana LandVest, Inc.

$ 1,250,000

Est. payment -/mo

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255 Diamond AVE Portland, ME 04109

1,500 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type General Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $833

Subdivision Mckinley Partners Limited Partnership

MLS Listing ID 1683661

HOA Fees $2,000/ann

HOA Y/N Yes

Year Built 1850

Tax Year 2025

Lot Size 1,306 Sqft

Acres 0.03

Property Sub-Type General Commercial

Source Maine Listings

Land Area 1500

Property Description

A distinctive opportunity to acquire an established seasonal business on Great Diamond Island. Located on Diamond Cove within the Fort McKinley Historic District, Crown Jewel has been a treasured Casco Bay destination since opening in 2018, earning national recognition from The Wall Street Journal, The Boston Globe, Condé Nast Traveler, and other notable publications. Serving creative cocktails and a unique menu to islanders, boaters, and visitors throughout the summer season, the fully remodeled restaurant and bar accommodates lunch and dinner service, takeout, private events, and catered meals. At the back of the restaurant, a charming retail area pays homage to the building's original use as a general store, with coffee, baked goods, candy, clothing, cocktails to go, and other daily provisions. A wraparound deck provides outdoor seating for eight and a drink rail for waiting guests, while the intimate dining room accommodates 30, with additional seating at the bar and chef's counter. The open-concept layout includes a full bar and well-equipped kitchen with a six-burner gas stove, grill, fryer, oven, two refrigerators, and a large freezer. A separate back kitchen provides efficient food preparation and dishwashing areas with ample overhead storage. All furnishings, barware, lighting, equipment, and serving ware convey with the sale, along with a golf cart used to transport goods from the ferry to the restaurant. With an established presence in Diamond Cove and the infrastructure in place for continued operation, Crown Jewel presents the opportunity to carry forward a successful seasonal business or bring a new concept to this unique island setting.

Location

State ME

County Cumberland

Community Mckinley Partners Limited Partnership

Zoning IR-3

Direction Diamond Cove is accessed by Casco Bay Lines, water taxi, or private boat. From the dock, the restaurant is a short distance up the road on the lefthand side.

Rooms

Basement None

Interior

Interior Features Storage

Heating Electric, Heat Pump

Cooling Heat Pump, Wall Unit(s)

Flooring Wood, Hardwood

Equipment Internet Access Available

Exterior

Parking Features 1 - 4 Spaces

Waterfront Description Dock,Nearby,Public

Roof Type Slate

Accessibility Accessible Approach with Ramp

Building

Lot Description Historic District, Other, Public Transport Access

Story 1

Foundation Granite

Water Public, Seasonal

Others

Tax ID PTLD-000083F-A000320-000001

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NEARBY SCHOOLS & PROPERTIES

Radka Meader

Broker Associate License ID: BA921160

+1(603) 502-3544

Radka Meader

255 Diamond AVE Portland, ME 04109

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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255 Diamond AVE