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Four-Unit Waterfront Mixed-Use Property
For Sale
$3,499,000

115 Perkins Cove Road, Ogunquit, ME 03907

Waterfront property combines residential accommodations with two leased commercial spaces.

Property Size2,952 SF
Days on Market14

Property Features for 115 Perkins Cove Road

General Information

Standard status Active
Size 2,952 SF
Property subtype Commercial
Zoning SG2

Units

Unit Mix 1 x 3BR/2.5BA, 1 x studio
Multifamily Units 2

Building Details

Building Size 2,952 SF
Year Built 2009
Stories 3
Listing Agency: Compass Real Estate
Listed By: Colby Coppage
Source: Startpoint
Added: Aug 9 Changed: Aug 21 Last Checked: Aug 21 at 1:36PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Real Estate

Investment Insights

Based on property information with market context.

This four-unit mixed-use property brings together a three-bedroom, 2.5-bath penthouse, an oceanfront studio, and two street-level commercial units. The penthouse occupies the upper two levels and features a primary suite with fireplace, ocean views, a second bedroom, a third bedroom currently arranged as a living room, and an open kitchen, dining, and sitting area. Decks face both the ocean and Perkins Cove. The studio has a private entrance, deck, and fireplace.

The two commercial units are currently leased. The property is located in Perkins Cove near galleries, restaurants, shops, boat excursions, and the Marginal Way, with Ogunquit’s beach, village center, and Playhouse nearby. Built in 2009 and zoned SG2, the property may also be acquired with one or both neighboring properties at 113 and 117 Perkins Cove Road, subject to the applicable transaction terms.

Key Highlights

  • Four‑unit mixed‑use waterfront property at 115 Perkins Cove Road, Ogunquit, ME 03907
  • Three‑bedroom, 2.5 bath penthouse spanning the upper two levels
  • Oceanfront studio with private entrance, deck, and fireplace

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Auto Repair Shop Catering Service Kitchen & Bath Showroom Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

118
Businesses Nearby

Demographics for 03907, ME

1,577
Population
2,106
Households
0.7
Avg Household Size
62
Median Age
68%
College-Educated
99%
High-School Grad
4.1 sq mi
ZIP Area
385
Density / Sq Mi
$104,250
Median Household Income
$72,778
Median Earnings
$1,736
Median Rent
$799,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Waterfront property combines residential accommodations with two leased commercial spaces.
Where is this mixed-use property located?
The property is located at 115 Perkins Cove Road Ogunquit, ME.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: Four‑unit mixed‑use waterfront property at 115 Perkins Cove Road, Ogunquit, ME 03907; Three‑bedroom, 2.5 bath penthouse spanning the upper two levels; Oceanfront studio with private entrance, deck, and fireplace
More about this property
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