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45-47 East Grand Avenue

Old Orchard Beach, ME 04064
  • $775,000
  • STATUS: Active
  • MLS #: 1546281
UPDATED: 49 min ago
$775,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,110
    SQFT
Neighborhood:
Type:
Commercial
Built:
1915
County:

School Ratings & Info

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Description

45 & 47 East Grand Avenue are listed as a package at $775,000. Buyer-developer likely has two business opportunities for the 5,550 +/- SF lot improved with two buildings; 1) Raze both buildings and construct a mixed-use three-story building with a business on the first floor and four residences upstairs and on-site parking; or 2) Raze 45 East Grand Avenue building to provide much needed on-site parking to serve 47 East Grand Avenue. 47 East Grand Avenue is improved with a mixed-use two-story building comprising a 2,000 +/- SF restaurant on the first floor and a rooming house on the upper floor with ten bedrooms, three baths, kitchen and porch. Second floor has housed summer workers for many years; last year gross revenue was $64,115. Restaurant didn't operate.2021 revenue was $69,120, The dearth of nearby housing yields pricing power for the buyer-owner.

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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: 2023-02-05T08:48:18.683.
www.linscottrealestate.com/homes/134086033
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45-47 East Grand Avenue Old Orchard Beach, ME 04064

  • Price: $775,000
  • Status: Active
  • On Site: Days
  • Updated: 49 min ago
  • MLS #: 1546281
0
Beds
0
Baths
0
½ Baths
0.05
Acres
4,110
SQFT
$189
$/SQFT
1915
Built
Neighborhood:
Old Orchard Beach
County:
York
Area:
Old Orchard Beach
Property Description
45 & 47 East Grand Avenue are listed as a package at $775,000. Buyer-developer likely has two business opportunities for the 5,550 +/- SF lot improved with two buildings; 1) Raze both buildings and construct a mixed-use three-story building with a business on the first floor and four residences upstairs and on-site parking; or 2) Raze 45 East Grand Avenue building to provide much needed on-site parking to serve 47 East Grand Avenue. 47 East Grand Avenue is improved with a mixed-use two-story building comprising a 2,000 +/- SF restaurant on the first floor and a rooming house on the upper floor with ten bedrooms, three baths, kitchen and porch. Second floor has housed summer workers for many years; last year gross revenue was $64,115. Restaurant didn't operate.2021 revenue was $69,120, The dearth of nearby housing yields pricing power for the buyer-owner.
Exterior Features

Construction Wood Frame Exterior Vinyl Siding Parking 11 - 20 SpacesNo Parking Roof CompositionPitched

Interior Features

Basement None Cooling None Heat System None

Property Features

Electric Circuit Breakers Full Tax Amount Amount 7109.00 Leased Land No Leases No Location Business DistrictDowntownWater View Property Uses Bar/Tavern/LoungeBed And BreakfastCommercialNet LeasedRestaurant Sewer Public Sewer Surveyed No Tax Year 22-23 Water Public Zoning Dd-2 Zoning Overlay Unknown

Maine Real Estate Information Systems logo Listing provided courtesy of Bean Group: (800)450-7784.

© 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: 2023-02-05T08:48:18.683.
 
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Linscott Real Estate
22 Cottage Road
South Portland ME, 04106
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