Renovated Lower-Level Office
For Sale
$459,000
20 Shore Road Unit 8, Ogunquit, ME 03907
Renovated in 2022 with classic finishes, including a fireplace, and Shore Road visibility for professional use in Ogunquit Village.
Property Size1,796 SF
Price / SF$255.57
Days on Market65
Property Features for 20 Shore Road Unit 8
General Information
Standard status
Active
Size
1,796 SF
Property subtype
Office
Building Details
Year Built
1961
Listing Agency:
Anne Erwin Sotheby's International Realty
(207) 363-6640
Listed By:
Anne Erwin Real Estate
(207) 363-6640
Source:
Xome
Added: Jun 1
Changed: Jul 10
Last Checked: Jun 14 at 1:32AM
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 Anne Erwin Sotheby's International Realty
Investment Insights
Based on property information with market context.
This lower-level commercial condominium has been renovated in 2022 and finished for modern occupancy. Interior character includes a fireplace, rich millwork, and classic finishes that support a polished customer or client experience. The layout is suited to a range of commercial concepts, including office space, wellness or spa-related uses, creative or coworking configurations, and smaller retail or services where an intimate setting matters.
Located in Ogunquit Village along Shore Road, the property offers visibility from the thoroughfare and is positioned among the area’s active commercial offerings. The unit provides dual access points, supporting flexible entry and traffic flow for daily operations.
For buyers seeking a turnkey workspace in a central retail environment, this condo-style office space offers a distinct, inviting interior and direct Shore Road presence. Its mix of character features and adaptable use profile can work well for professionals and operators who want a comfortable, finished space for client-facing meetings, desk-based work, or a small-format service concept.
Located in Ogunquit Village along Shore Road, the property offers visibility from the thoroughfare and is positioned among the area’s active commercial offerings. The unit provides dual access points, supporting flexible entry and traffic flow for daily operations.
For buyers seeking a turnkey workspace in a central retail environment, this condo-style office space offers a distinct, inviting interior and direct Shore Road presence. Its mix of character features and adaptable use profile can work well for professionals and operators who want a comfortable, finished space for client-facing meetings, desk-based work, or a small-format service concept.
Key Highlights
- Lower‑level commercial condominium in Ogunquit Village along Shore Road
- Renovated in 2022 with classic finishes, including a fireplace and rich millwork
- Central Air cooling
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 authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Renovated in 2022 with classic finishes, including a fireplace, and Shore Road visibility for professional use in Ogunquit Village.
Where is this office units located?
The property is located at 20 Shore Road Unit 8 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 in Ogunquit Village along Shore Road; Renovated in 2022 with classic finishes, including a fireplace and rich millwork; Central Air cooling
