Lower-Level Retail
20 Shore Road #8, Ogunquit, ME 03907
For Sale
$439,000
The 1,796-square-foot interior includes custom millwork, traditional finishes, and a gas fireplace.
Property Size1,796 SF
Price / SF$244.43
Days on Market162
Property Features for 20 Shore Road #8
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Floor
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
gas fireplace
Building Details
Building Size
Year Built
Year Renovated
Stories
Listing Agency:
Anne Erwin Sotheby's International Realty
Listed By:
Anne Erwin Real Estate · License ME DB901450
(207) 363-6640
Source:
Hayesrealestate
Added: Jun 2
Changed: Nov 10
Last Checked: Nov 10 at 1:35AM
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
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Investment Insights
Based on property information with market context.
This lower-level retail condominium at 20 Shore Road #8 contains 1,796 square feet and was reworked in 2022. Interior features include millwork, classic finishes, and a gas fireplace. The building dates to 1961, and the property is zoned DBD.
The condo is in Ogunquit Village, with shops, restaurants, and galleries in the surrounding area. Its commercial setting and finished interior offer a defined space for retail or other business use.
The condo is in Ogunquit Village, with shops, restaurants, and galleries in the surrounding area. Its commercial setting and finished interior offer a defined space for retail or other business use.
Key Highlights
- 1,796 square feet of lower‑level retail condominium space
- Interior reworked in 2022
- Gas fireplace and millwork
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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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
$799,200
Median Home Value
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Market
Average Price Trend$/SF for Retail space in York County, ME
Properties on Market for Retail space in York County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The 1,796-square-foot interior includes custom millwork, traditional finishes, and a gas fireplace.
Where is this retail space located?
The property is located at 20 Shore Road #8 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 feet of lower‑level retail condominium space; Interior reworked in 2022; Gas fireplace and millwork
