Mixed Use Investment Property For Sale
$1,475,000
40 Old Orchard St, Old Orchard Beach ME
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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- Asking price $1,475,000
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Files
40 Old Orchard St - BROCHURE (1)
- Lease or sale SALE
- Sale terms Cash to Seller
- Location 40 Old Orchard St, Old Orchard Beach ME
- Building status Existing
- Land sq/ft
- Car taffic 4,390 per DAY
- Propety type RETAIL COMMERCIAL
- Property sub-type(s) Mixed Use
- Zoning DD-1
- Total buildings 1
- Parking Other
- Building stories 3
- Rentable size 6,475 SQUARE FOOT
- Year built 1910
- Listing status ACTIVE
- Last updated 7 days ago