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
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.
Supplements: ********
More Information 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: 1
Zoning: DD-1
Full Tax Amount $: 10806
Tax Year: 2018
Association Y/N: No
Geo Lat: 43.515731
Geo Lon: -70.375163
Contract Information
Status: Closed
Original List Price: 1600000
Sold Price: $1,275,000
Current Price: $1,275,000
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
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
Property Disclosure Public Access ›Listing Office: Colliers International
Last Updated: January - 01 - 2025
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