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Mixed-Use Property with 18 Approved Units
For Sale
$2,620,300

94 Ocean House Rd., Cape Elizabeth, ME 04107

A 14-acre assemblage combines an approved condominium project, a three-unit commercial building, and two single-family homes.

Property SizeContact for details
Days on Market61

Property Features for 94 Ocean House Rd.

General Information

Standard status Active
Property subtype Multi-Unit
Listing Agency: Gosen properties
Listed By: Emmanuel Victor
Source: Gosenproperties
Added: Aug 31 Changed: Oct 28 Last Checked: Oct 28 at 3:26PM

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 Gosen properties

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Investment Insights

Based on property information with market context.

This 14.01+/- acre mixed-use property includes a condominium development approved for 18 units across nine duplexes, with two duplexes partially built (four units). The condominium portion totals 12.43+/- acres. A separate commercial building contains three units and 9,432 square feet, with space identified for a mechanic shop, storage, and a model. Two detached homes complete the assemblage: a three-bedroom ranch with 1,152+/- square feet and a three-bedroom Cape with 1,440+/- square feet.

The property is in Cape Elizabeth, Maine, along Ocean House Road. Zoning designations across the development include RA Residence-A and RB Residence-B; the commercial building is zoned RA Residence-A. Public water serves the properties, with public sewer noted for the commercial building and homes, and public and quasi-public sewer identified for the condominium development.

Key Highlights

  • 14.01+/- acres across the mixed‑use property
  • Condominium development approved for 18 units in 9 duplexes
  • Two duplexes partially built, representing 4 units

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Real Estate Agency Building Supply Big Box & Wholesale Store Hair Salon Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

117
Businesses Nearby

Demographics for 04107, ME

9,575
Population
4,007
Households
2.4
Avg Household Size
49
Median Age
77%
College-Educated
99%
High-School Grad
14.9 sq mi
ZIP Area
643
Density / Sq Mi
$145,464
Median Household Income
$69,964
Median Earnings
$2,191
Median Rent
$659,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A 14-acre assemblage combines an approved condominium project, a three-unit commercial building, and two single-family homes.
Where is this mixed-use property located?
The property is located at 94 Ocean House Rd. Cape Elizabeth, ME.
What is the asking price?
The asking price for this property is $2,620,300.
What are key features of this property?
This property features: 14.01+/- acres across the mixed‑use property; Condominium development approved for 18 units in 9 duplexes; Two duplexes partially built, representing 4 units
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