Lower-Level Commercial
20 Shore Road Ogunquit, ME 03907
20 Shore Road, Ogunquit, ME, 03907
$459,000
For Sale
$459,000
COMMERCIAL - Ogunquit, ME
Property Size1,796 SF
Lot Size0.14 Acres
Price / SF$255.57
Days on Market13
Property Features for 20 Shore Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- DBD
- Rooms
- Basement
- Parking features
- None
- Basement
- Finished, Walk-Out Access, Full
- Standard status
- Active
- Size
- 1,796 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1983
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Electric (Heating), Oil, Baseboard
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1961
- Flooring type
- Wood
- Building materials
- Wood Frame, Vinyl Siding
Listing Agency
Anne Erwin Sotheby's International Realty
(207) 363-6640
31 Long Sands Road, York, ME
Listed by
Anne Erwin Real Estate
(207) 363-6640
Added: Jul 6 Checked: Jul 18 at 6:06 am
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.
Investment Insights
Based on property information with market context.
This lower-level commercial condominium has been renovated in 2022 and features a fireplace, rich millwork, and classic interior finishes. The space is approximately 1,796 square feet and is configured to support a variety of commercial uses within a condominium setting.
Located at 20 Shore Road in Ogunquit, Maine, the unit benefits from visibility along Shore Road and offers dual access points for customer or client entry.
The property is zoned DBD and sits on a lot listed at 0.14 acres.
Located at 20 Shore Road in Ogunquit, Maine, the unit benefits from visibility along Shore Road and offers dual access points for customer or client entry.
The property is zoned DBD and sits on a lot listed at 0.14 acres.
Key Highlights
- Lower‑level commercial condominium renovated in 2022 along Shore Road in Ogunquit Village
- Dual access points and visibility from Shore Road
- Construction materials include wood frame and vinyl siding
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.8k | $24.96 |
| − Vacancy | −$5.6k | −$3.12 |
| EGI | $39.2k | $21.84 |
| − OpEx | −$9.8k | −$5.46 |
| NOI | $29.4k | $16.38 |
1,796 SF · lease $24.96/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$420.3K
$367.7K – $490.3K
NOI $29,418 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$569.3K
$498.2K – $664.2K
NOI $39,853 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Twenty Shore Guest ...
Hotel & Motel
Ogunquit Chamber of Commerce ...
Business Service Center
Talking Threads Market
(Bike/Boat/Book/etc) Store
Meyra Lamps & Jewelry
Home Decor Store
Daisy Trading Co
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Coworking space - Renovated in 2022, this 1,796-square-foot lower-level condo offers a fireplace, millwork finishes, and dual access with Shore Road visibility.
Where is this coworking space located?
The property is located at 20 Shore Road Ogunquit, ME.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Lower‑level commercial condominium renovated in 2022 along Shore Road in Ogunquit Village; Dual access points and visibility from Shore Road; Construction materials include wood frame and vinyl siding
