136 W Grand Ave - Hospitality FOR SALE


Old Orchard Beach, ME 04064
$3,200,000 USD
207-252-7474
136 W Grand Ave, Old Orchard Beach, ME for Sale
$3,200,000 USD
Hospitality - FOR SALE
1/23
null | Request Cap Rate

136 W Grand Ave
Old Orchard Beach, ME 04064


HIGHLIGHTS

  • Estate Sale opportunity.
  • 16-unit, well-maintained motel directly across from the ocean.
  • Three Abutting Buildings

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$249 USD /SF

# OF ROOMS

16

PRICE/ROOM

$200,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Concorde Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

R-3

APN/PARCEL ID

OOBH-000315-000006-000006

ASK ABOUT THIS PROPERTY

David TrottierRealty Sales IncMore Info
207-252-7474

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David TrottierRealty Sales IncMore Info
207-252-7474

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.