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Property profile & analytics
OFF-MARKET Estimated value $635,000
Investment properties

261 Shr Rd Ogunquit, ME 03907-3911

4,635 SF 0.34 ac lot Built 1925
Individually Owned
Property ID
US42-0218247
Property summary
AI-generated overview

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 profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1925
Construction FRAME
Total area 4,635 SF
Lot 0.34 ac (14,810 SF)
Zoning code LBD
APN OGUN M:005 L:015
UPID US42-0218247
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Northern Union Restaurant
  • Marathon Real Estate Real Estate Agency
  • Ogunquit Rental Properties Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$885k
Comparable Approach Comparable
$816k
Blend (final) Blend
$635k
Owner & transaction history
Dolliver Richard
Dolliver Richard
since 2026
6 recorded transactions
2026
$1.7M
2023
Price N/A
2023
Price N/A
2018
Price N/A
2008
Price N/A
2006
Price N/A
Zoning & alternative use
LBD · Ogunquit, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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