243 Main Street, Ogunquit, ME 03907
$2,600,000
Property Type:
Commercial
Square Footage:
5,757
Lot Size (sq. ft.):
6,098
Status:
Closed
Current Price:
$2,600,000
List Date:
8/29/2024
Last Modified:
3/06/2025
Description
Prime investment opportunity in the heart of Ogunquit! Located at 243 Main Street, this mixed-use building is a rare find, featuring five fully leased units. The property includes a thriving restaurant space (business not for sale) and four well-maintained residential apartments—three charming one-bedroom units and a spacious two-bedroom unit.
With a steady income stream in place, this property offers immediate returns. However, the potential doesn't stop there. As leases end, a savvy buyer has the opportunity to condo the building, maximizing profits by selling off individual units. Situated in a highly desirable area, just moments from Ogunquit's beautiful beaches, shops, and attractions, this property is perfectly positioned for long-term growth.
Whether you're looking to expand your investment portfolio or explore condo conversion opportunities, 243 Main Street is a must-see. Don't miss out on this chance to own a piece of Ogunquit's vibrant downtown!
Supplements: ********
More Information MLS# 1602016
Location Information
Book: 18650
Leased Land: No
Page: 716
Map: 7
Lot: 127
Zoning Overlay: Unknown
Association Y/N: No
Street #: 243
Street Name: Main
Street Type: Street
County: York
Town: Ogunquit
State/Province: ME
Zip Code: 03907
Zip +4: 3215
Zoning: dbd
Full Tax Amount $: 8713
Tax Year: 2023
Geo Lat: 43.249904
Geo Lon: -70.600325
Property Information
Primary Use: Mixed Use
Surveyed: Unknown
Deed/Conveyance Type Offered: Warranty
Deed: All
Lot Size Acres +/-: 0.14
Year Renovated +/-: 2021
Tenancy: Multiple Tenants
Leases: Yes
Road Frontage +/-: 166
Total # Floors: 3
Year Built: 1850
SqFt Finished Total: 5757
Location
Business District: 1
Downtown: 1
Near Shopping: 1
Retail Strip: 1
Water View: 1
Commercial Bldg Information
Maximum Floor Capacity: 10220
Office SqFt +/-: 120
Retail SqFt: 2000
Total Units: 5
Water Info
Water View: Yes
Water Body Name: Atlantic Ocean
Property Uses
Bar/Tavern/Lounge: 1
Commercial: 1
Freestanding Building: 1
Restaurant: 1
Recreational Water
Common: 1
Nearby: 1
Oceanfront: 1
Public: 1
Construction
Wood Frame: 1
Basement
Full: 1
Partial: 1
Slab: 1
Unfinished: 1
Exterior
Vinyl Siding: 1
Roof
Shingle: 1
Heat System
Baseboard: 1
Forced Air: 1
Zoned: 1
Heat Fuel
Electric: 1
Gas Bottled: 1
Cooling
Central Air: 1
Wall/Window Unit(s): 1
Floors
Carpet: 1
Vinyl: 1
Wood: 1
Accessibilitiy Amenities
32 - 36 Inch Doors: 1
Ramped Main Level: 1
Building Features
Cable: 1
Internet Access Available: 1
Security System: 1
Storage: 1
Parking
5 - 10 Spaces: 1
On Site: 1
Paved: 1
Electric
Circuit Breakers: 1
Utilities
Utilities On: Yes
Gas
Bottled: 1
Sewer
Public Sewer: 1
Water
Public: 1
Sold Info
Appraiser Email Address: ttalbot@bbgres.com
Contract Information
Status: Closed
Original List Price: 2995000
Sold Price: $2,600,000
Current Price: $2,600,000
Status Change Info
Pending Date: 2024-09-05
Closed Date: 2025-02-28
Closed Price: 2600000
Property Features
Location: Business District; Downtown; Near Shopping; Retail Strip; Water View
Recreational Water: Common; Nearby; Oceanfront; Public
Construction: Wood Frame
Property Uses: Bar/Tavern/Lounge; Commercial; Freestanding Building; Restaurant
Basement: Full; Partial; Slab; Unfinished
Exterior: Vinyl Siding
Roof: Shingle
Heat System: Baseboard; Forced Air; Zoned
Heat Fuel: Gas Bottled
Cooling: Central Air; Wall/Window Unit(s)
Floors: Carpet; Vinyl; Wood
Building Features: Cable; Internet Access Available; Security System; Storage
Parking: 5 - 10 Spaces; On Site; Paved
Electric: Circuit Breakers
Gas: Bottled
Sewer: Public Sewer
Water: Public
Documents
Confidentiality Agreement ›
Listing Office:
RE/MAX Realty One
IDX
Last Updated: March - 06 - 2025
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.