Property profile

17 Glen Ave 1 Ogunquit, ME 03907

FOR SALE
Other commercial real estate
Property ID
US42-0474077
2,509 SF 0.17 ac lot Built 1880
Entity Owned 4-yr Hold ~ Est. High Equity
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17 Glen Ave,Unit 1, Ogunquit, ME 03907 For Sale
$1,995,000 2,509 SF
17 Glen Ave,Unit 1, Ogunquit, ME 03907
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Property summary

AI-generated overview

The Maine House is a historic Victorian inn/B&B built in 1880 on a 0.43-acre lot, zoned RRD2, with a total building size of 2,701 square feet. The property is configured as a seven-bedroom, seven-bath hospitality use and includes an entry foyer and a detailed staircase, with main-level common areas such as a living room, sunroom, and a large eat-in kitchen featuring a center island. Guest accommodations have hardwood floors and en-suite bathrooms with updated tile and showers, and each room is heated and cooled via heat pumps; several rooms also include private balconies and separate entrances. Outdoor and gathering spaces include a wraparound farmer’s porch, a rear patio, and decks on each level, along with landscaped grounds and off-street parking. The building is located within walking distance of Ogunquit Village’s shops, galleries, restaurants, and sandy beaches, and it is part of a small condo association that has flexible rental policies.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 1880
Total area 2,509 SF
Lot 0.17 ac (7,405 SF)
Zoning code RRD2
APN OGUN M:007 L:026 U:001
UPID US42-0474077

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bed & Breakfast Restaurant

Location

17 Glen Ave, Unit 1 Ogunquit, ME 03907
Ogunquit metro Census 34006 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.72M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.73M

Owner & transaction history

since 2022
Last sale
$1.9M
2 recorded transactions
2022
$1.4M
2022
$345,000

Zoning & alternative use

RRD2 · Ogunquit, ME

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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