| Up North Realty Maine

15 Old Orchard Street, Old Orchard Beach, ME 04064 (MLS# 1438114)

15 Old Orchard Street, Old Orchard Beach, ME 04064

$1,275,000
Property Type: Commercial Square Footage: 5,568 Lot Size (sq. ft.): 16,117 Status: Closed
Current Price: $1,275,000 List Date: 8/04/2020 Last Modified: 1/01/2025

Overview

Description

We are pleased to present a fully occupied retail building with a 42-space parking lot ideally located steps from Old Orchard Beach's most visited attraction, The Pier. This property is being offered for sale as an investment or as a redevelopment. Situated on a downtown lot, this site offers flexible zoning, which allows for many uses, including multifamily, condominium, and hospitality. Height restrictions allow for 50' principal structure (and up to 65' for turrets and/or copulas). Opportunity to build a parking garage and capitalize on Old Orchard Beach's flourishing tourism numbers. The town of Old Orchard Beach has 9,000 year-round residents and up to 75,000 tourists in the summer months. Located about 3 miles to Route 1 and I-95.

Listing Details MLS# 1438114

Location Information

Street #
15
Street Name
Old Orchard
Street Type
Street
County
York
Town
Old Orchard Beach
State/Province
ME
Zip Code
04064
Zip +4
2237
Leased Land
No
Book
16137
Page
531
Map
206
Block
32
Lot
Yes
Zoning
DD-1
Full Tax Amount $
10806
Tax Year
2018
Association Y/N
No

Contract Information

Original List Price
1600000

Property Information

Primary Use
Retail
Surveyed
Unknown
Deed
All
Deed Restrictions
Unknown
Bank Owned REO
No
Year Built
1979
Tenancy
Multiple Tenants
Leases
Yes
Total # Floors
2
SqFt Finished Total
5568
Lot Size Acres +/-
0.37
Road Frontage +/-
300

Status Change Info

Pending Date
2020-08-06
Closed Date
2020-10-23
Closed Price
1275000

Water Info

Water Frontage
No
Water View
No

Sold Info

Appraiser Email Address
tom@cprimegroup.com

More Information

Location

Bus Line
Yes
Business District
Yes
Downtown
Yes
Near Shopping
Yes
Public Transport Access
Yes
Rail Available
Yes
Retail Strip
Yes

Property Uses

Bar/Tavern/Lounge
Yes
Bed & Breakfast
Yes
Commercial
Yes
Convenience Store
Yes
Development
Yes
Hotel/Motel
Yes
Resort
Yes
Restaurant
Yes
Retail
Yes

Recreational Water

Nearby
Yes

Construction

Wood Frame
Yes

Basement

Slab
Yes

Foundation Materials

Poured Concrete
Yes
Slab
Yes

Exterior

Aluminum Siding
Yes
Vinyl Siding
Yes
Wood Siding
Yes

Roof

Membrane
Yes
Metal
Yes
Shingle
Yes

Building Features

Overhead Doors
Yes
Storage
Yes

Parking

21+ Spaces
Yes
On Site
Yes
Paved
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Sold Terms Other

Arms Length
Yes

Property Features

Location: Bus Line; Business District; Downtown; Near Shopping; Public Transport Access; Rail Available; Retail Strip Recreational Water: Nearby Construction: Wood Frame Property Uses: Bar/Tavern/Lounge; Bed & Breakfast; Commercial; Convenience Store; Development; Hotel/Motel; Resort; Restaurant; Retail Basement: Slab Foundation Materials: Poured Concrete; Slab Exterior: Aluminum Siding; Vinyl Siding; Wood Siding Roof: Membrane; Metal; Shingle Building Features: Overhead Doors; Storage Parking: 21+ Spaces; On Site; Paved Sewer: Public Sewer Water: Public Sold Terms Other: Arms Length

Documents

Listing Office: Colliers International
IDX
Last Updated: January - 01 - 2025
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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