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: 7/15/2024

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
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

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Demographic Statistics

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


Photograph of Listing Agent

Christopher Gallagher

The Boulos Company NECPE Member
Photograph of Listing Agent

Joseph Italiaander

The Boulos Company NECPE Member
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