Lower-Level Office
For Sale
$439,000
20 Shore Road, Ogunquit, ME 03907
Commercial Sale, Ogunquit, ME
Property Size1,796 SF
Lot Size0.14 Acres
Price / SF$244.43
Days on Market97
Property Features for 20 Shore Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
DBD
Rooms
Basement
Parking features
None
Basement
Walk-Out Access, Full, Finished
Lot features
Downtown, Business District, Near Shopping
Standard status
Active
Size
1,796 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1983
HOA Fee
$6,085 Annually
Utilities
Sewer type
Public Sewer
Heating system
Oil, Baseboard, Electric (Heating), Hot Water(Heating)
Cooling system
Central Air
Water source
Public
Amenities
gas fireplace
Building Details
Year built
1961
Flooring type
Wood
Building materials
Wood Frame, Vinyl Siding
Listing Agency:
Anne Erwin Sotheby's International Realty
Listed By:
Anne Erwin Real Estate
(207) 363-6640
Added: Jul 13
Changed: Oct 16
Last Checked: Oct 17 at 2:06AM
MLS# 1665024
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This lower-level office condominium offers 1,796 square feet within a 1961-built property. Its interior was reworked in 2022 and features wood floors, millwork, classic finishes, and a gas fireplace. Central air and baseboard heating serve the space, with public water and sewer. The property is zoned DBD.
At 20 Shore Road in Ogunquit, the property is situated among village shops, restaurants, and galleries. The commercial space has no designated parking.
At 20 Shore Road in Ogunquit, the property is situated among village shops, restaurants, and galleries. The commercial space has no designated parking.
Key Highlights
- 1,796‑square‑foot lower‑level office condominium
- Interior updated in 2022; includes wood flooring and a gas fireplace
- DBD zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,418
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,360
$588.4K
Cap Rate 7%
$420,257
$420.3K
Cap Rate 9%
$326,867
$326.9K
Market Conditions
NOI Build-Up for 1,796 SF
Gross rent
$44.8K $24.96/SF
− Vacancy
−$5.6K −$3.12/SF
EGI
$39.2K $21.84/SF
− OpEx
−$9.8K −$5.46/SF
NOI
$29.4K $16.38/SF
Area
York County, ME
Vacancy
12.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,360
Cap Rate 7%
$420,257
Cap Rate 9%
$326,867
Alternative Uses
Best Use
Office B
$420.3K
$367.7K – $490.3K
NOI $29,418 @ 7.0% cap · market cap 6.70%
Second Best
Retail
$311.6K
$272.6K – $363.5K
NOI $21,810 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$569.3K
$498.2K – $664.2K
NOI $39,853 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - A 2022 interior update includes wood flooring, detailed millwork, and a gas fireplace.
Where is this office units located?
The property is located at 20 Shore Road Ogunquit, ME.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 1,796‑square‑foot lower‑level office condominium; Interior updated in 2022; includes wood flooring and a gas fireplace; DBD zoning
