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Property profile & analytics
OFF-MARKET
Commercial real estate

20 Shr Rd1a Ogunquit, ME 03907-3700

1,628 SF 0.14 ac lot Built 1960
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US42-0290887
Property summary
AI-generated overview

This exceptional 1,796 square foot commercial condo, located at 20 Shore Road in Ogunquit, Maine, presents a unique investment opportunity. Situated on a 0.14-acre lot in the heart of Ogunquit Village, this property boasts a highly desirable location with high foot traffic and proximity to numerous shops and restaurants. Recently approved for both retail and office use, the space offers a versatile layout ideal for a variety of businesses. The interior features a custom design incorporating both open-concept areas perfect for showcasing merchandise or client interaction, and dedicated meeting spaces for more private consultations. High-end finishes include a welcoming fireplace, custom lighting, and a sleek kitchenette. Two bathrooms add to the convenience. A private, off-street entrance ensures easy client and employee access. The property is currently configured for retail or office use, but with a simple permit change, it could be adapted for a food takeout establishment, capitalizing on the strong demand for new dining options in the area. Available for immediate occupancy, this property offers the perfect blend of location, amenities, and flexibility for a thriving business. The asking price is $575,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 1960
Total area 1,628 SF
Lot 0.14 ac (6,098 SF)
Zoning code DBD
APN OGUN M:007 L:118 U:003
UPID US42-0290887
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Twenty Shore Guest Suites Hotel & Motel
  • Ogunquit Chamber of Commerce Welcome Center Business Service Center Advocacy Group
  • Talking Threads Market (Bike/Boat/Book/etc) Store
  • Meyra Lamps & Jewelry Home Decor Store Department Store
  • Daisy Trading Co (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
20 Shore Road LLC · 3 yrs held
20 Shore Road LLC
since 2023
Last sale
$590,000
2 recorded transactions
2023
$590,000
2013
Price N/A
Zoning & alternative use
DBD · Ogunquit, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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