Catylist ID:
#30876669
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. |
Attachments & Media
Financials
Finance Data Year | 2024 |
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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 |
Demographic Statistics
Proximity: | 1 mile | 3 miles | 5 miles |
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Total Population: | 475 | 3,328 | 10,613 |
Median Age: | 57.99 | 54.5 | 49.62 |
Households: | 248 | 1,606 | 4,698 |
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