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40 Old Orchard Street

Old Orchard Beach, ME 04064
  • $1,475,000
  • STATUS: Active
  • MLS #: 1549721
UPDATED: 23 min ago
$1,475,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,475
    SQFT
Neighborhood:
Type:
Commercial
Built:
1910
County:

School Ratings & Info

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Description

Mixed use investment property located in the heart of downtown Old Orchard Beach within walking distance to the beach. The building consists of two 1,200+/- SF street retail spaces, two large, easily rentable apartments on the second floor, and owner's residence on the third floor. This is an excellent location that benefits from plenty of foot traffic in the busier months. The current owner has voluntarily chosen to keep units vacant to allow for the greatest amount of flexibility for a new owner to come in and redevelop the property. There is a substantial ''value add'' opportunity for the owner by working with the Town on the approval of more units.

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Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2023-02-03T20:48:17.79.
www.linscottrealestate.com/homes/135411468
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40 Old Orchard Street Old Orchard Beach, ME 04064

  • Price: $1,475,000
  • Status: Active
  • On Site: Days
  • Updated: 23 min ago
  • MLS #: 1549721
0
Beds
0
Baths
0
½ Baths
0.11
Acres
6,475
SQFT
$228
$/SQFT
1910
Built
Neighborhood:
Old Orchard Beach
County:
York
Area:
Old Orchard Beach
Property Description
Mixed use investment property located in the heart of downtown Old Orchard Beach within walking distance to the beach. The building consists of two 1,200+/- SF street retail spaces, two large, easily rentable apartments on the second floor, and owner's residence on the third floor. This is an excellent location that benefits from plenty of foot traffic in the busier months. The current owner has voluntarily chosen to keep units vacant to allow for the greatest amount of flexibility for a new owner to come in and redevelop the property. There is a substantial ''value add'' opportunity for the owner by working with the Town on the approval of more units.
Exterior Features

Exterior Vinyl Siding Parking No Parking Roof Composition

Interior Features

Cooling None Gas No Gas Heat Fuel Oil Heat System Steam

Property Features

Electric Circuit Breakers Full Tax Amount Amount 6229.00 Leased Land No Location DowntownNear ShoppingNear Turnpike/InterstateRetail StripWater View Property Uses CommercialRetail Sewer Public Sewer Surveyed Unknown Tax Year 2022 Water Public Zoning Dd1

Maine Real Estate Information Systems logo Listing provided courtesy of Keller Williams Realty: [IDXCONTACTINFORMATION].

© 2023 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.
Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2023-02-03T20:48:17.79.
 
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Linscott Real Estate
22 Cottage Road
South Portland ME, 04106
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