261 Shore Rd.
$1,538,200
261 Shore Rd., Ogunquit, ME 03907
Description:
The above stated price is the tax assessed value and a place holder only. The lender reserves the right to bid at the auction. - Real Estate Foreclosure Auction 26-12 83-Seat Restaurant - 3BR Upscale Apartment - Professional Office Suite - Parking RE: Northern Union Restaurant 261 Shore Road, Ogunquit, Maine Auction Date: Thursday, March 5, 2026 at 10AM On Premises Preview Dates (Pending Access): Friday, February 20 & 27 from 9-11AM Equipment to be sold together with the real estate as an entirety. The Northern Union Restaurant is an 83-seat restaurant with outdoor seating to accommodate 14 guests. The circa 1925 two-story mixed use building sits on a .34+/- acre parcel and has been completely renovated with a high degree of craftsmanship. The property boasts 4,811+/-SF of gross building area that includes 2,747+/-SF of restaurant on the first floor, 504+/-SF of restaurant/office space on the the second floor, 1,100+/-SF 3-bedroom apartment on the second floor and 460+/-SF professional office suite on the first floor There is parking for approximately 17 cars and has 122+/- ft. of frontage on Shore Rd., 130+/- ft. of frontage on Stearns Rd. and 111+/- ft. of frontage on Ledge Rd. The amenities include manicured grounds, onsite parking and exterior decks. Reference Tax Map 5, Lot 15. Buyer Broker Participation Available. Contact Auctioneer to Qualify. Directions: Heading north on the Maine Turnpike, take Exit #19, left at end of ramp onto Rt. 9, follow .5 miles and then right onto Chapel Rd., follow 1.2 miles and then right onto US Rt. 1, follow .7 miles to property on the right. Terms: A $25,000 deposit in CASH or CERTIFIED U.S. FUNDS, made payable to the Keenan Auction Co., Inc., (deposited with the Auctioneer as a qualification to bid), with balance due and payable within 45 days from date of auction. The deposit must be increased to 10% of the purchase price within 5-business days of the public sale. The property will be sold by public auction subject to all outstanding municipal assessments. All personal property, food service equipment, furnishings, and electronics will be sold together with the real estate as an entirety. All other terms will be announced at the public sale. For a Property Information Package contact the auctioneers office and request by auction number 26-12. Our 54th Year and 8,852nd Auction.
Location
Gallery
