261 Shore Rd Ogunquit, ME 03907
- Investment properties
- 4,635 SF
- 0.34 lot acres
Current Use by Public Records
- Northern Union / Bar / Restaurant
- Marathon Real Estate / Real Estate Agency
- Ogunquit Rental Properties / Real Estate Rental Agency
Property Details for 261 Shore Rd
- Year built
- 1925
- Construction
- FRAME
- Lot size
- 0.34 lot acres
- Property size
- 4,635 SF
- Zone code
- LBD
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- OGUN M:005 L:015
- APU
- OGUNM005L015
Description
This exceptional mixed-use property in Ogunquit, Maine, presents a lucrative investment opportunity. Located on Shore Road, this 5,579 square foot establishment boasts a high-end restaurant with a charming outdoor dining area and firepit, attracting significant foot traffic. The recently re-architected and expanded state-of-the-art kitchen is equipped with top-of-the-line appliances, ensuring efficient workflow. The interior features a full bar with bar seating and additional seating, complemented by a floor-to-ceiling wine rack. The spacious dining area is flooded with natural light, creating a welcoming atmosphere. On-site parking enhances customer convenience. Upstairs, a brand new two-bedroom residential unit offers flexibility for owner occupancy, staff housing, or rental income generation. Situated on a 0.34-acre lot, this property benefits from Ogunquit's thriving tourism and food scene, promising substantial growth potential. The property is priced at $3,250,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ogunquit
- County
- York
- State
- Maine
- Longitude
- -70.5961
- Latitude
- 43.2408
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
