2 Colby Ave - Specialty FOR SALE


Old Orchard Beach, ME 04064
$4,000,000 USD
207-553-1732
2 Colby Ave, Old Orchard Beach, ME for Sale
$4,000,000 USD
Specialty - FOR SALE
1/26
null | Request Cap Rate

2 Colby Ave
Old Orchard Beach, ME 04064


OVERVIEW

The Nautilus Inn at Ocean Park presents a rare opportunity to own a historic and well-established coastal hospitality property in one of Maine’s most desirable beach front communities. Just steps from Old Orchard Beach’s iconic shoreline, the inn combines timeless charm with modern guest conveniences. Built in the 1890s, the property retains its vintage character while offering 13 private guest accommodations. The inn’s prime location is within walking distance of Ocean Park village and minutes from downtown Old Orchard Beach and ensures consistent seasonal demand. Don’t miss out on your chance to steward a historic coastal landmark in one of Maine’s strongest tourism communities! Capital Improvements Include: • Hardwired alarm system - 2013 • Sprinkler system - 2014 • Construction of great room - 2014 • Bathroom replacement in bedroom #6 - 2015 • Facade painting - 2018 • New roof and perimeter rock wall - 2018 • New furnace - 2021 • New generator - 2021 • Window replacement - 2022 • New carpet - 2023

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$809 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Premier Bed & Breakfast Investment

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

-

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R-3

APN/PARCEL ID

Map 321, Block 4, Lot 9

ASK ABOUT THIS PROPERTY

Claire RichardsonThe Boulos CompanyMore Info
207-553-1732

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Claire RichardsonThe Boulos CompanyMore Info
207-553-1732

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