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113-115 Saco Ave Old Orchard Beach, ME 2 Properties Offered at $725,000 in Old Orchard Beach, ME
Investment Highlights
- Mixed-use asset featuring a street-level fully leased restaurant space and two remodeled residential units
- The top-floor two-bedroom residential unit operates on a month-to-month lease.
- Recent upgrades include in-unit laundry, updated plumbing (2021), new pavement, roofs, and electrical systems throughout both buildings.
- Excellent location along Saco Avenue in Old Orchard Beach, minutes from the beach, pier, local shops, and Route 1.
Executive Summary
Mixed-use asset featuring a street-level fully leased restaurant space, two (2) remodeled residential apartment units (including a fully-furnished first floor unit), with minimal management responsibilities
Recent updates include in-unit laundry, updated plumbing (2021), newer pavement, roofs, & electrical throughout both buildings
Top floor 2-bedroom residential unit is month-to-month creating an excellent owner-user opportunity, short-term rental, or traditional rental opportunity
Excellent location along Saco Avenue in Old Orchard Beach, minutes from the beach, pier, shops, and Route 1
SALE PRICE: $725,000
Recent updates include in-unit laundry, updated plumbing (2021), newer pavement, roofs, & electrical throughout both buildings
Top floor 2-bedroom residential unit is month-to-month creating an excellent owner-user opportunity, short-term rental, or traditional rental opportunity
Excellent location along Saco Avenue in Old Orchard Beach, minutes from the beach, pier, shops, and Route 1
SALE PRICE: $725,000
Property Facts
| Price | $725,000 | Number of Properties | 2 |
| Price / SF | $268.32 / SF | Individually For Sale | 0 |
| Cap Rate | 8.26% | Total Building Size | 2,702 SF |
| Sale Type | Investment | Total Land Area | 0.30 AC |
| Status | Active |
| Price | $725,000 |
| Price / SF | $268.32 / SF |
| Cap Rate | 8.26% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 2,702 SF |
| Total Land Area | 0.30 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 115 Saco Ave, Old Orchard Beach, ME 04064 | Multifamily | 1,628 SF | 1920 | - |
| 113 Saco Ave, Old Orchard Beach, ME 04064 | Retail | 1,074 SF | 1920 | - |
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113-115 Saco Ave Old Orchard Beach, ME
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