LANDMARK LOCATION

RESIDENTIAL DEVELOPMENT OPPORTUNITY  

14 acres /600 ft Oceanfront

East Boothbay, Maine

Due to the well deserved retirement of the owners after 27 successful years, the Ocean Point Inn is now available for sale either as a residential development parcel or for new Innkeepers who wish to continue the Inn’s fine tradition of seaside dining and enjoyment.

Residential Re-development Opportunity:  Consists of fourteen (14) acres of fields with 600 +/- ft of bold ocean frontage. The property is serviced by a state-of-the-art septic system designed to handle 12,000 gallons a day. The grandfathered buildings comprise over 37,000 sq feet of space. It is an existing mixed use operation (residential and restaurant) with all utilities underground. Potential for 4-6 single family lots with shared amenities that might include ocean frontage, rights to 5 dinghy slips at Card Cove Association pier, 2 story boat storage building, in-ground pool and hot tub.

Inn Opportunity:  The Ocean Point Inn has been a landmark presence in East Boothbay for over 100 years. A thriving business with a strong repeat customer base (70 - 75%) and waterside gourmet restaurant with an undisputed reputation for excellence, the Ocean Point Inn has long been a popular destination for visitors and local residents alike. The site includes 15 seasonal buildings that house 150 to 160 guests and 28 to 30 staff. All systems and mechanicals have been meticulously maintained and upgraded immediately upon maintenance vendors’ recommendations. All furnishings, equipment, website, guest lists, and extensive maintenance records are included in sale.

Land: 14 acres with 600+/- ocean front. Land has gradual elevations to the rear.

Zoned: Shoreland Overlay/Special Residential

61 rental units in 15 buildings comprising over 37,000 sq feet t of grand-fathered footprint

98 seat restaurant with commercial kitchen, waterside dining room, bar and full liquor license

25’ x 50’ in-ground heated pool and hot tub

Commercial Laundry

Two story boathouse

Dock/Pier:  Property offering includes the right to 5 Dinghy slips (12 ft maximum length and 5ft beam) at the deep water pier overseen by the Card Cove Association and two moorings in the cove. The Purchaser will be a member of the Association and shall have representation on its Board of Directors in accordance with its By-Laws. The annual cost is $200/slip. (See Easement and Use Agreement – Book 3443, Page 39)

Water:  Private well supplemented by seasonal Boothbay municipal water.

Sewer:  Private Septic System of 808 concrete septic chambers, 8 septic tanks comprising 24,500 gallons, 4 Zabo grease filters, and meter pit. Capacity is 12,000 gallons/day. Intentionally designed and overbuilt by former State of Maine Septic Engineer. All installations were photographed and videotaped.