$650,000 $3,489 est/mo Sourced by Back At You

28 Reggio Avenue,Old Orchard Beach, ME 04064

Old Orchard Beach ME, 04064

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Description

Old Orchard Beach Income & Development Opportunity. This seasonal motel sits a stone's throw from the beach on .48 acres of mostly undeveloped land - one of the last remaining plots of this kind. Most recently used as a seasonal 3 bed Motel, with rooms rented both separately and together. The zoning density appears to allow for up to 4 units with conditional approval. In the center of Maine's most popular beach destination, this is an opportunity not to be missed! This property can be purchased in conjunction with 27 Odessa Ave, 8 residential units (four 2-units) on .58 acres that backs-up to the Reggio lot.

Details

MLS#1595447
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1953
Days On Site18
Listing Provided ByVitalius Real Estate Group, LLC | Briton Vitalius
Buying Commision2.5%

Features

Bath(s) 2 Total
SQ Feet1,320
BasementY
Units1
ZoningR3
Acreage0.48

Market Activity 04064

    
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. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved.

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Learn More About This Property

StateME
CountyYork
CityOld Orchard Beach
Zip Code04064
Listing VS Median (in 04064)
Price:
$650,000
low | high
Med:
$675,000
46.153846153846% of Average
SqFt:
1,320
low | high
Med:
1,196
59.393939393939% of Average
$ / SqFt:
$492
low | high
Med:
$564
35.387188062773% of Average
On Site:
18
low | high
Med:
120.000000
15% of Average
Sourced by Back At You
Listing Updated: July 18, 2024 at 3:37:47 PM PDT