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: 9/2/2022

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.

Attachments & Media

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

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,626 10,127
Median Age: 57.01 50.02
Households: 1,313 4,505

Contact

Photograph of Listing Agent

Christopher Gallagher

The Boulos Company NECPE Member
Photograph of Listing Agent

Joseph Italiaander

The Boulos Company NECPE Member
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.