113-115 Saco Avenue, Old Orchard Beach, ME 04064

$725,000
Property Type: Commercial Square Footage: 2,702 Lot Size (sq. ft.): 6,534 Status: Active
Current Price: $725,000 List Date: 10/29/2025 Last Modified: 3/14/2026

Description

MOTIVATED SELLER! Discover an exceptional investment opportunity just minutes from one of Maine's most popular beaches! 113-115 Saco Avenue features a beautifully maintained two-unit residential building plus a detached commercial space, ideally situated in the vibrant coastal community of Old Orchard Beach. Main Building (Two Units) Unit 1 (First Floor): 3-bedroom, 1-bath apartment renovated in 2017, featuring updated kitchen and bath, modern finishes, and a bright, open layout--perfect for year-round living or seasonal rental income. Unit 2 (Second Floor): Comfortable 2-bedroom, 1-bath apartment offering great natural light, functional layout, and excellent rental potential. Detached Commercial Building: A stand-alone commercial space currently home to a beloved local restaurant--an established business that brings steady foot traffic and neighborhood charm. Updates to the commercial space include new heat pumps, roof, and electrical panel. Highlights: Three total units: Two residential apartments + one commercial space. Flexible income property--live in one unit, rent the others, or maintain as an investment. Prime location along Saco Avenue--minutes to the beach, pier, dining, shops, and Route 1 access Ample parking for tenants, guests, and patrons Strong rental history and long-term tenant in the commercial space.

Supplements: ********

More Information MLS# 1642237

Location Information

Book: 18885 Leased Land: No Page: 388 Map: 311 Block: 2 Lot: 10 Tree Growth Y/N: No Association Y/N: No Street #: 113-115 Street Name: Saco Street Type: Avenue County: York Town: Old Orchard Beach State/Province: ME Zip Code: 04064 Zip +4: 1840 Zoning: GB-2 Full Tax Amount $: 5307 Tax Year: 2024 Geo Lat: 43.513983 Geo Lon: -70.38759

Property Information

Primary Use: Mixed Use Surveyed: Unknown Deed/Conveyance Type Offered: Warranty Deed: All Bank Owned REO: No Lot Size Acres +/-: 0.15 Tenancy: Multiple Tenants Leases: Yes Total # Floors: 2 Year Built: 1920 SqFt Finished Total: 2702

Levels

Multi-Level: 1

Location

Bus Line: 1 Near Shopping: 1 Near Turnpike/Interstate: 1 Public Transport Access: 1

Property Uses

Commercial: 1 Restaurant: 1

Basement

Bulkhead: 1 Unfinished: 1

Roof

Metal: 1

Heat System

Baseboard: 1 Heat Pump: 1

Heat Fuel

Electric: 1 Propane: 1

Cooling

Heat Pump: 1 Window Unit(s): 1

Parking

5 - 10 Spaces: 1 Off Street: 1 Paved: 1

Electric

Circuit Breakers: 1

Sewer

Public Sewer: 1

Water

Public: 1

Contract Information

Status: Active Original List Price: 750000 List Price: $725,000 Current Price: $725,000

Property Features

Location: Bus Line; Near Shopping; Near Turnpike/Interstate; Public Transport Access Levels: Multi-Level Property Uses: Commercial; Restaurant Basement: Bulkhead; Unfinished Roof: Metal Heat System: Baseboard; Heat Pump Heat Fuel: Propane Cooling: Heat Pump; Window Unit(s) Parking: 5 - 10 Spaces; Off Street; Paved Electric: Circuit Breakers Sewer: Public Sewer Water: Public
Listing Office: Keller Williams Realty
IDX
Last Updated: March - 14 - 2026
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