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41 Ogunquit Rd

4,573 SF 100% Leased Retail Building Cape Neddick, ME 03902 $1,499,000 ($328/SF)

Investment Highlights

  • A premier event venue and restaurant located at 41 Ogunquit Rd in Cape Neddick, Maine.

Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,573 SF
Building Class
B
Year Built
1890
Price
$1,499,000
Price Per SF
$328
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.03
Lot Size
3.75 AC
Zoning
RES-2 - Residential
Parking
30 Spaces (6.56 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • YORK-000099-000000-000047B
  • YORK-000099-000000-000047H
Land Assessment
$412,300
Improvements Assessment
$519,900
Total Assessment
$932,200
  • Listing ID: 32836802

  • Date on Market: 8/16/2024

  • Last Updated:

  • Address: 41 Ogunquit Rd, Cape Neddick, ME 03902

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