Bought with Anne Erwin Sotheby's International Realty
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Key Details
Sold Price $2,600,000
Property Type Commercial Sale
Sub Type Mixed Use
Listing Status Sold
Square Footage 5,757 sqft
MLS Listing ID 1602016
Sold Date 02/28/25
HOA Y/N No
Originating Board Maine Listings
Year Built 1850
Annual Tax Amount $8,713
Tax Year 2023
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Mixed Use
Property Description
Prime investment opportunity in the heart of Ogunquit! Located at 243 Main Street, this mixed-use building is a rare find, featuring five fully leased units. The property includes a thriving restaurant space (business not for sale) and four well-maintained residential apartments—three charming one-bedroom units and a spacious two-bedroom unit.
With a steady income stream in place, this property offers immediate returns. However, the potential doesn't stop there. As leases end, a savvy buyer has the opportunity to condo the building, maximizing profits by selling off individual units. Situated in a highly desirable area, just moments from Ogunquit's beautiful beaches, shops, and attractions, this property is perfectly positioned for long-term growth.
Whether you're looking to expand your investment portfolio or explore condo conversion opportunities, 243 Main Street is a must-see. Don't miss out on this chance to own a piece of Ogunquit's vibrant downtown!
Location
State ME
County York
Zoning dbd
Rooms
Basement Full, Partial, Unfinished
Interior
Interior Features Storage
Heating Multi-Zones, Forced Air, Baseboard
Cooling Central Air, A/C Units
Flooring Wood, Vinyl, Carpet
Equipment Internet Access Available, Cable
Basement Type Full,Partial,Unfinished
Exterior
Parking Features 5 - 10 Spaces, On Site, Paved
Utilities Available 1
View Y/N No
Roof Type Shingle
Accessibility Accessible Approach with Ramp
Building
Lot Description Water View, Downtown, Business District, Near Shopping, Retail Strip
Building Description Vinyl Siding,Wood Frame, Security System
Story 3
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Electric, Gas Bottled
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