8 Traynor Street, Old Orchard Beach, ME 04064 (MLS# 1572264)
8 Traynor Street, Old Orchard Beach, ME 04064
$2,500,000
Property Type:
Commercial
Square Footage:
11,604
Lot Size (sq. ft.):
11,761
Status:
Closed
Current Price:
$2,500,000
List Date:
9/17/2023
Last Modified:
1/16/2025
Description
Amazing opportunity to own turnkey terrific income producing 20+ unit motel steps to beach with many recent upgrades. Excellent return on investment! Motel is comprised of 20 efficiency style units - some with double and single beds with privacy partitions in between beds - as well as 2 BD 1 BA owners quarters with new kitchen. Full basement with laundry and bathroom. All units have decks and some have ocean views from rear of room. Common areas for seating and inground heated pool. Motel licensed for year round or could be run seasonally. Great income with financials provided upon signing of NDA.
Supplements: ********
More Information MLS# 1572264
Location Information
Street #: 8
Street Name: Traynor
Street Type: Street
County: York
Town: Old Orchard Beach
State/Province: ME
Zip Code: 04064
Zip +4: 2918
Leased Land: No
Book: 17880
Page: 48
Map: 304
Block: 5
Lot: 4
Zoning: BRD
Zoning Overlay: Unknown
Full Tax Amount $: 12334
Tax Year: 2022
Association Y/N: No
Geo Lat: 43.522235
Geo Lon: -70.368471
Contract Information
Status: Closed
Original List Price: 2850000
Sold Price: $2,500,000
Current Price: $2,500,000
Property Information
Primary Use: General Commercial
Surveyed: Yes
Deed/Conveyance Type Offered: Warranty
Deed: Partial
Deed Restrictions: Yes
Bank Owned REO: No
Year Built: 1958
Year Renovated +/-: 2019
Tenancy: Multiple Tenants
Leases: No
Total # Floors: 2
SqFt Finished Total: 11604
Lot Size Acres +/-: 0.27
Status Change Info
Pending Date: 2023-11-27
Closed Date: 2024-01-31
Closed Price: 2500000
Commercial Bldg Information
Confidentiality Statement: Yes
Water Info
Water Frontage: No
Water View: Yes
Water Body Name: Atlantic Ocean
Island: No
Utilities
Utilities On: Yes
Sold Info
Appraiser Email Address: matthewwood@bbgres.com
Property Features
Location: Downtown; Near Shopping; Near Turnpike/Interstate; Public Transport Access; Water View
Water Body Type: Ocean
Recreational Water: Nearby; Public
Construction: Wood Frame
Property Uses: Hotel/Motel
Basement: Full; Unfinished
Foundation Materials: Poured Concrete
Exterior: Vinyl Siding
Roof: Flat; Membrane
Heat System: Heat Pump
Cooling: Central Air
Floors: Carpet; Laminate
Building Features: Storage
Parking: 21+ Spaces; Leased; Off Street; On Site; Other Parking
Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Property Disclosure Public Access ›Listing Office: Kre Brokerage Group
Last Updated: January - 16 - 2025
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