Iconic Inn on Shore Road in Ogunquit

Hospitality for Sale
Catylist Listing ID: 30806628
Property Subtypes: Inn
Number of Units: 14 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $3,750,000
Unit Price: $267,857.14 Per Unit
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/13/2022

Overview / Comments

Opportunity abounds with the presentation of the iconic Inn on Shore Road. The 14 room Inn has been meticulously maintained, renovated and expanded to include luxury suites and accommodations second to none. Location is simply outstanding in the heart of Ogunquit's business district with plenty of parking, lush lawns and gardens, and location, location, location. 6 year round suites in the main house boast water views, private porches, private patio, and spacious spa-like custom tiled baths. 8 additional rooms in the seasonal annex do not disappoint with sitting areas, tiled baths, kitchenettes, and their own outdoor deck spaces. Recent renovations and upgrades include an entirely new kitchen, complete sprinkler system, and roofing just to name a few. This property is simply stunning and not in need of a thing. Currently operational from May - Oct. Potential to grow is enormous just by expanding into year round operation. With 6 suites in the main house and an additional 8 in the seasonal annex, the unique opportunity to create a single family home and continue to rent the annex during the peak tourist season is a real option. Don't miss this exciting opportunity to become an integral part of this 'Beautiful Place By The Sea'. The Inn on Shore Road is your dream come true.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: OGUN-000006-000000-000038
Zoning: GBD
Retail Clientele: Family, Business, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Shore Rd, Route 1
Highway Access: Route 1 Nearby
Site Description: Located on iconic Shore Rd in Center of Ogunquit you are in the heart of one of Maine's premier travel destinations. World class beaches and entertainment are at your doorstep.
Area Description: Center of Ogunquit surrounded by restaurants, entertainment and public beach access. Resort, seaside community.
Nearby Attractions: Ogunquit Beach, Footbridge Beach, Perkins Cove, Ogunquit Town Center, The Front Porch, Restaurants & Amenities
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1890
Roof Type: Gambrel
Construction/Siding: Wood Siding, Wood Shingle
Water Recreation: Other
Total Parking Spaces: 14
Parking Type: Surface
Parking Description: Plenty of parking for guests located directly onsite. Public parking also found nearby.
Sprinklers: None
Heat Type: Hot Water
Heat Source: Baseboard
Air Conditioning: Other
Internet Access: Cable
Interior Description: The 14 room Inn has been meticulously maintained, renovated and expanded to include luxury suites and accommodations second to none. Location is simply outstanding in the heart of Ogunquit's business district with plenty of parking, lush lawns and gardens, and location, location, location. 6 year round suites in the main house boast water views, private porches, private patio, and spacious spa-like custom tiled baths. 8 additional rooms in the seasonal annex do not disappoint with sitting areas, tiled baths, kitchenettes, and their own outdoor deck spaces.
Zoning Description: GBD
Water Service: Municipal
Sewer Type: Municipal
Easements: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 892 2,626 9,394
Median Age: 61.53 57.01 50.82
Households: 498 1,313 4,232

Contact

Photograph of Listing Agent

Christopher Erikson

The Aland Realty Group NECPE Member
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