Mixed-Use Building with
31 Perkins Cove Road, Ogunquit, ME 03907
For Sale
$1,100,000
Street-level retail space is paired with a one-bedroom residence above.
Property Size1,956 SF
Price / SF$562.37
Days on Market439
Property Features for 31 Perkins Cove Road
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Mixed-Use Components
Currently Operating
Taxes and HOA fees
Annual Taxes
Amenities
fitting room
private office
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
RE/MAX Realty One
(207) 646-4546
Listed By:
Donald Wunder · License ME BR905786
(207) 252-1775
Source:
Integrityhomesrealestategroup
Added: Sep 1, 2025
Changed: Nov 11
Last Checked: Nov 13 at 7:20PM
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 RE/MAX Realty One
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Investment Insights
Based on property information with market context.
This 1,956-square-foot mixed-use property combines ground-floor retail with an apartment on the upper level. The 1,216-square-foot retail area includes a fitting room and private office. Above it, the one-bedroom apartment has a living room, kitchen, and full bathroom.
Located at 31 Perkins Cove Road in Ogunquit, the property is zoned SG2 and was built in 1920.
Located at 31 Perkins Cove Road in Ogunquit, the property is zoned SG2 and was built in 1920.
Key Highlights
- 1,956 square feet of total property area
- Ground‑floor retail space measures 1,216 square feet and includes a fitting room and private office
- Upper‑level apartment has one bedroom, a living room, kitchen, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,039
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,780
$640.8K
Cap Rate 7%
$457,700
$457.7K
Cap Rate 9%
$355,989
$356.0K
Market Conditions
NOI Build-Up for 1,956 SF
Gross rent
$48.8K $24.96/SF
− Vacancy
−$6.1K −$3.12/SF
EGI
$42.7K $21.84/SF
− OpEx
−$10.7K −$5.46/SF
NOI
$32.0K $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%
$640,780
Cap Rate 7%
$457,700
Cap Rate 9%
$355,989
Alternative Uses
Best Use
Office B
$457.7K
$400.5K – $534.0K
NOI $32,039 @ 7.0% cap · market cap 2.91%
Second Best
Mixed Use
$347.1K
$303.7K – $404.9K
NOI $24,294 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$620.0K
$542.5K – $723.4K
NOI $43,403 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
118
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 Mixed-use properties in York County, ME
Properties on Market for Mixed-use properties in York County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level retail space is paired with a one-bedroom residence above.
Where is this mixed-use property located?
The property is located at 31 Perkins Cove Road Ogunquit, ME.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 1,956 square feet of total property area; Ground‑floor retail space measures 1,216 square feet and includes a fitting room and private office; Upper‑level apartment has one bedroom, a living room, kitchen, and full bathroom
