Rare Opportunity in Ogunquit - Mixed-Use/Retail - Thompson Green
Retail-Commercial
for Sale
| Catylist Listing ID: |
30810337 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
|
| Building Size (RSF): |
12,608 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$4,950,000 |
| Unit Price: |
$392.61 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Building Name: |
Thompson Green |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/28/2024 |
Overview / Comments
Thompson Green provides an opportunity to acquire a unique and irreplaceable property right in the heart of desirable Ogunquit, ME – conveniently located at the entrance to Perkins Cove, and just a short walk from the downtown corridor.
Thompson Green consists of two (2) buildings: The Plaza Building, which is a 10,736± SF two-story commercial building, and The Thompson House, a 1,872± SF historic residential building with previously approved expansion plans. The buildings are located on a 1.25± acre parcel that includes roughly 30± on-site parking spaces.
Thompson Green provides ultimate future flexibility. The property is suitable for an investor interested in re-tenanting the property, or for an owner-user looking to capitalize on the busy Ogunquit tourist community. The Plaza building features restaurant infrastructure for incoming food & beverage user. Additionally, the flexible zoning and large lot size allow the possibility of a re-development into hospitality.
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Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
York |
| Tax ID/APN: |
31197_3-17 |
| Zoning: |
LBD - LIMITED BUSINESS DISTRICT |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Other |
| Property Located Between: |
Shore Road and Frazier Pasture Road |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Shore Road |
| Feet of Frontage: |
372 |
| Highway Access: |
US Hwy 1 and I-95 |
| Airports: |
Portland International Jetport |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
2 |
| Property Condition: |
Good |
| Year Built: |
1750 |
| Construction/Siding: |
Wood Frame |
| Total Parking Spaces: |
30 |
| Parking Type: |
Surface |
| Parking Description: |
Paved parking spaces |
| Passenger Elevators: |
1 |
| Heat Type: |
Other |
| Lot Frontage: |
372 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
2,626 |
10,127 |
| Median Age: |
57.01 |
50.02 |
| Households: |
1,313 |
4,505 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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