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The Concorde Motel 136 W Grand Ave 16 Room Hotel Old Orchard Beach, ME 04064 $3,200,000 ($200,000/Room)
Investment Highlights
- Estate Sale opportunity.
- Three Abutting Buildings
- 16-unit, well-maintained motel directly across from the ocean.
Executive Summary
Estate Sale. The Concorde Motel is a 16 unit motel with a beautiful contemporary owners home offering 3,486 SF of living space (3 bedrooms, 4 full baths). This well established motel is in good condition and has always been very well maintained. The ocean is directly across the street. This property consists of 3 abutting buildings. Building #1 is the owners home with a motel office & inground pool for the guests (3,486 SF). Building #2 offers 12 Motel units (3,970 SF). Building #3 offers 4 townhouse apartments each offering two bedrooms & 1.5 baths (4,850 SF). The owners home can also offer added rental income for the right investor as each bedroom has it's own full bathroom ( Air BNB). Abundant parking for all the rental units. MUST SEE PROPERTY!
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,200,000 | Lot Size | 0.50 AC |
| Price Per Room | $200,000 | Building Size | 12,845 SF |
| Sale Type | Investment | No. Rooms | 16 |
| Sale Condition | Business Value Included | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1987 |
| Property Subtype | Hotel | Parking Ratio | 1.75/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | R-3 - R-3 | ||
| Price | $3,200,000 |
| Price Per Room | $200,000 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 12,845 SF |
| No. Rooms | 16 |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.75/1,000 SF |
| Corridor | Exterior |
| Zoning | R-3 - R-3 |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $249.00 | - |
| Guest Room | 14 | $167.00 | - |
1 1
Property Taxes
| Parcel Number | OOBH-000315-000006-000006 | Total Assessment | $1,676,060 |
| Land Assessment | $575,960 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,100,100 | Tax Year | 2024 |
Property Taxes
Parcel Number
OOBH-000315-000006-000006
Land Assessment
$575,960
Improvements Assessment
$1,100,100
Total Assessment
$1,676,060
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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The Concorde Motel | 136 W Grand Ave
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