243 Main Street, Ogunquit, ME 03907 (MLS# 1602016)

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

Overview

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!

Listing Details MLS# 1602016

Location Information

Street #: 243
Street Name: Main
Street Type: Street
County: York
Town: Ogunquit
State/Province: ME
Zip Code: 03907
Zip +4: 3215
Leased Land: No
Book: 18650
Page: 716
Map: 7
Lot: 127
Zoning: dbd
Zoning Overlay: Unknown
Full Tax Amount $: 8713
Tax Year: 2023
Association Y/N: No

Contract Information

Original List Price: 2995000

Property Information

Primary Use: Mixed Use
Surveyed: Unknown
Deed/Conveyance Type Offered: Warranty
Deed: All
Year Built: 1850
Year Renovated +/-: 2021
Tenancy: Multiple Tenants
Leases: Yes
Total # Floors: 3
SqFt Finished Total: 5757
Lot Size Acres +/-: 0.14
Road Frontage +/-: 166

Status Change Info

Pending Date: 2024-09-05
Closed Date: 2025-02-28
Closed Price: 2600000

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

More Information

Utilities

Utilities On: Yes

Sold Info

Appraiser Email Address: ttalbot@bbgres.com

Location

Business District: Yes
Downtown: Yes
Near Shopping: Yes
Retail Strip: Yes
Water View: Yes

Property Uses

Bar/Tavern/Lounge: Yes
Commercial: Yes
Freestanding Building: Yes
Restaurant: Yes

Recreational Water

Common: Yes
Nearby: Yes
Oceanfront: Yes
Public: Yes

Construction

Wood Frame: Yes

Basement

Full: Yes
Partial: Yes
Slab: Yes
Unfinished: Yes

Exterior

Vinyl Siding: Yes

Roof

Shingle: Yes

Heat System

Baseboard: Yes
Forced Air: Yes
Zoned: Yes

Heat Fuel

Electric: Yes
Gas Bottled: Yes

Cooling

Central Air: Yes
Wall/Window Unit(s): Yes

Floors

Carpet: Yes
Vinyl: Yes
Wood: Yes

Accessibilitiy Amenities

32 - 36 Inch Doors: Yes
Ramped Main Level: Yes

Building Features

Cable: Yes
Internet Access Available: Yes
Security System: Yes
Storage: Yes

Parking

5 - 10 Spaces: Yes
On Site: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Gas

Bottled: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

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 ›

IDX

Listing Office: RE/MAX Realty One

Selling Office: Anne Erwin Sotheby's International Realty

Last Updated: March - 06 - 2025

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