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.
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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 |
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 |
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