Premier event venue and restaurant

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30876669
Property Subtypes: Restaurant
Status: Pending/Contingent
Building Size (RSF): 4,573 SF
Gross Building Area: See Agent
Gross Land Area: 3.75 Acres
Sale Price: $1,499,000
Unit Price: $327.79 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/6/2024

Overview / Comments

A premier event venue and restaurant located at 41 Ogunquit Rd in Cape Neddick, Maine, is now available for sale. Spanning 3.75 acres of meticulously maintained micro farm and perennial gardens, this property offers a perfect blend of rustic charm and modern convenience, making it an exceptional opportunity for those looking to invest in a versatile and rewarding venture. The estate features a fully operational restaurant with inside seating for 75, a speakeasy-style bar and lounge, offering a stylish and intimate space for cocktails and socializing, a very large, modern commercial kitchen, walk-in refrigeration, dry storage, and all the amenities necessary for a successful dining experience. In addition to the restaurant, the venue currently boasts a stunning Sailcloth tent that can accommodate up to 200 guests, making it an ideal setting for weddings, corporate events, and large gatherings. One of the highlights of the venue is the recently renovated bridal suite, providing a luxurious and private space for brides and their parties to prepare for their special day. With ample parking for up to 70 vehicles and newly designed hardscapes that enhance the outdoor spaces. Currently operating as Arrowhead Estates, this property is functional and beautiful. The lush gardens and micro farm add to the property's charm, making it an ideal setting for farm-to-table dining, sustainable living, or simply enjoying the natural beauty of Maine. Included as part of the 3.75 acres is a separate building lot at 37 Ogunquit Rd, making up 0.84 acres of the total. This lot is ready for immediate development, offering additional opportunities for expansion or investment. Located just 1.8 miles from Ogunquit Center, This is a unique property with endless potential. Whether you're looking to expand your business, start a new venture, or invest in prime real estate, this is an opportunity not to be missed. Contact us today to see everything that this property has to offer.

Financials

Finance Data Year 2024
Real Estate Taxes - Annual($) $6,185 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: town of York
Tax ID/APN: YORK-000099-000000-000047B
Zoning: RES-2
Retail Clientele: Tourist, Other
Property Located Between: Ogunquit and York
Property Visibility: Excellent
Largest Nearby Street: Ogunquit Road
Airports: Portland jet port and Logan
Site Description: Rural
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1890
Year Renovated: 2024
Construction/Siding: Wood Siding
Total Parking Spaces: 75
Parking Type: Surface
Parking Description: gravel
Heat Type: Propane
Heat Source: Baseboard
Lot Frontage: 412
Water Service: Well
Sewer Type: Septic

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 475 3,328 10,613
Median Age: 57.99 54.5 49.62
Households: 248 1,606 4,698

Contact

© Copyright 2024 Moody's. All Rights Reserved. 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.