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155 Saco Ave 6,047 SF 66% Leased Office Building Old Orchard Beach, ME 04064 $690,000 ($114.11/SF)
Investment Highlights
- Strategically positioned adjacent to the town’s only traffic signal.
Executive Summary
Located directly on Saco Avenue in one of Old Orchard Beach’s most visible commercial corridors, 155 Saco Avenue presents an excellent opportunity to acquire a well-positioned office investment.
The property is a two-owner condominium building comprised of six total units. The offering consists of one owner’s interest, including three condominium units totaling approximately 6,047± square feet, situated on 1.50± acres with ample on-site parking and convenient access for employees and visitors. The property provides opportunity for additional development.
Strategically positioned adjacent to the town’s only traffic signal, the property benefits from exceptional exposure, strong traffic counts, and easy wayfinding for clients and customers.
The three professional office suites included in the offering are:
• Unit 2B – 2,228± SF (currently vacant)
• Unit 1C – 1,554± SF (owner-occupied)
• Unit 2C – 2,265± SF (owner-occupied)
With one suite available for immediate occupancy and two suites currently utilized by the owner, the property offers flexibility for an owner-user seeking to offset occupancy costs, an investor pursuing income potential, or a business looking to establish a presence in a highly recognizable and accessible location.
The property is a two-owner condominium building comprised of six total units. The offering consists of one owner’s interest, including three condominium units totaling approximately 6,047± square feet, situated on 1.50± acres with ample on-site parking and convenient access for employees and visitors. The property provides opportunity for additional development.
Strategically positioned adjacent to the town’s only traffic signal, the property benefits from exceptional exposure, strong traffic counts, and easy wayfinding for clients and customers.
The three professional office suites included in the offering are:
• Unit 2B – 2,228± SF (currently vacant)
• Unit 1C – 1,554± SF (owner-occupied)
• Unit 2C – 2,265± SF (owner-occupied)
With one suite available for immediate occupancy and two suites currently utilized by the owner, the property offers flexibility for an owner-user seeking to offset occupancy costs, an investor pursuing income potential, or a business looking to establish a presence in a highly recognizable and accessible location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,047 SF
Building Class
C
Year Built
1989
Price
$690,000
Price Per SF
$114.11
Percent Leased
66%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,024 SF
Slab To Slab
9’
Building FAR
0.09
Lot Size
1.50 AC
Zoning
GB-1
Parking
38 Spaces (6.28 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Property Taxes
| Parcel Number | OOBH-000207-000002-000012-000001A | Improvements Assessment | $77,800 |
| Land Assessment | $97,100 | Total Assessment | $174,900 |
Property Taxes
Parcel Number
OOBH-000207-000002-000012-000001A
Land Assessment
$97,100
Improvements Assessment
$77,800
Total Assessment
$174,900
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155 Saco Ave
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