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    261 Shore Rd Ogunquit, ME 03907

    Sponsored
    For Sale
    $3,250,000

    Prime Ogunquit location, high-end restaurant, 2-bedroom unit.

    Property size:
    5,579 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property in Ogunquit, Maine, presents a lucrative investment opportunity. Located on Shore Road, this 5,579 square foot establishment boasts a high-end restaurant with a charming outdoor dining area and firepit, attracting significant foot traffic. The recently re-architected and expanded state-of-the-art kitchen is equipped with top-of-the-line appliances, ensuring efficient workflow. The interior features a full bar with bar seating and additional seating, complemented by a floor-to-ceiling wine rack. The spacious dining area is flooded with natural light, creating a welcoming atmosphere. On-site parking enhances customer convenience. Upstairs, a brand new two-bedroom residential unit offers flexibility for owner occupancy, staff housing, or rental income generation. Situated on a 0.34-acre lot, this property benefits from Ogunquit's thriving tourism and food scene, promising substantial growth potential. The property is priced at $3,250,000.

    Property Features for 261 Shore Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,579 SF
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1925
    Property Profile Location Intelligence

    Current Use by Public Records

    Northern Union New American Restaurant Marathon Real Estate Real Estate Agency Ogunquit Rental Properties Real Estate Rental Agency

    Suggested Use

    Law Firm Realty agency Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Pharmacy Gym & Fitness Kitchen & Bath Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ogunquit
    County
    York
    State
    Maine
    Longitude
    -70.59615
    Latitude
    43.24084

    Nearby Comparable

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      Ogunquit Restaurant with Residential Unit

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    Nearby Similar for Sale

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      Ogunquit Shore Road Commercial Landmark

      Storied restaurant, pizzeria, and apartment in prime coastal location.
      200 Shore Rd, Ogunquit, ME 03907
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    • $2,700,000

      Ogunquit Restaurant with Residential Unit

      High-end restaurant with outdoor dining, bar, and residential unit.
      261 Shore Rd, Ogunquit, ME 03907
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      4,679 SF

      Ogunquit Restaurant with Pizzeria

      Established restaurant with pizzeria, lounge, and apartment near Perkins Cove.
      200 Shore Rd, Ogunquit, ME 03907
      View Details
    • $2,775,000

      Ogunquit Specialty Property For Sale

      Specialty property available for purchase in Ogunquit, Maine.
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    • $6,500,000
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      Prime Ogunquit Commercial Inn

      Coastal Maine Inn, 17 Rooms, 3.25 Acres
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    • $4,950,000
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      Santa Clara Flex Space, 96,500 SF

      Industrial Condo, Ideal for Business
      309 Shore Rd, Ogunquit, ME 03907
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    FAQs

    What type of property is this?
    Mixed-use property - Prime Ogunquit location, high-end restaurant, 2-bedroom unit.
    Where is this mixed-use property located?
    The property is located at 261 Shore Rd Ogunquit, ME.
    What is the asking price?
    The asking price for this property is $3,250,000.
    (603) 501-0463
    Request Owner's contact information
    261 Shore Rd Ogunquit, ME 03907
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    Ogunquit, ME 03907
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    261 Shore Rd Ogunquit, ME 03907
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