20 Shore RdOgunquit, ME 03907

  • Other commercial real estate
  • 1,628 SF
For Sale
$575,000 View listing

Property Details for 20 Shore Rd

Year built
1960
Lot size
0.14 AC
Property size (Sq ft)
1,628 SF
Zone code
DBD
Property type
Other commercial real estate
APN
OGUN M:007 L:118 U:003
APU
OGUNM007L118U003

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $308,081
    Hospitality
    $282,201
    Educational
    $234,788
    Medical
    $242,862
    Retail
    $365,225
20 Shore Rd, Ogunquit, Maine

Location Insight

City
Ogunquit
County
York
State
Maine
Latitude
43.2483
Longitude
-70.5995
CBSA code
38860
CBSA name
PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,264
$75,000
$430,300
$505,300
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