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

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

IDX
Listing Office: RE/MAX Realty One
Selling Office: Anne Erwin Sotheby's International Realty
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 ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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