307 Main St Ogunquit, ME 03907
This exceptional 2,487 square foot commercial property at 307 Main Street, Ogunquit, ME, presents a rare investment opportunity. Located in the heart of Ogunquit's vibrant downtown village, this landmark building boasts a prime location within the GBD-1 zone, ensuring high visibility and significant pedestrian and vehicular traffic. The property includes 0.84 acres of meticulously landscaped grounds featuring stone paver walkways and stunning flower gardens, adding to its established charm and community presence. The building itself, designed by a renowned architectural firm, is a standalone condo with striking architectural features including steel beams, vaulted ceilings, and expansive windows that bathe the interior in natural light. Inside, the open-concept floor plan offers 2,487 square feet of adaptable retail space, previously a successful fine art and jewelry gallery for over 15 years. Modern amenities include HVAC, energy-efficient LED lighting, a security alarm system, and a bathroom. Eight dedicated on-site parking spaces are also included. Public utilities are readily available, supporting a wide range of development possibilities. Ogunquit's reputation as a top vacation destination, consistently ranked among the nation's best beaches, ensures a strong year-round tourist presence, making this a truly unique and compelling investment opportunity in a thriving community. The property's history and established presence within the community solidify its position as a highly desirable commercial asset.
-
PANACHE FINE JEWELRY AND ART GALLERY (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
GBD1 · Ogunquit, MEOgunquit. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.