15 Old Orchard Street, Old Orchard Beach, ME 04064

$1,275,000
Property Type: Commercial Square Footage: 5,568 Lot Size (sq. ft.): 16,117 Status: Closed
Current Price: $1,275,000 List Date: 8/04/2020 Last Modified: 1/01/2025

Overview

Description

We are pleased to present a fully occupied retail building with a 42-space parking lot ideally located steps from Old Orchard Beach's most visited attraction, The Pier. This property is being offered for sale as an investment or as a redevelopment. Situated on a downtown lot, this site offers flexible zoning, which allows for many uses, including multifamily, condominium, and hospitality. Height restrictions allow for 50' principal structure (and up to 65' for turrets and/or copulas). Opportunity to build a parking garage and capitalize on Old Orchard Beach's flourishing tourism numbers. The town of Old Orchard Beach has 9,000 year-round residents and up to 75,000 tourists in the summer months. Located about 3 miles to Route 1 and I-95.

Listing Details MLS# 1438114

Location Information

Street #
15
Street Name
Old Orchard
Street Type
Street
County
York
Town
Old Orchard Beach
State/Province
ME
Zip Code
04064
Zip +4
2237
Leased Land
No
Book
16137
Page
531
Map
206
Block
32
Lot
Yes
Zoning
DD-1
Full Tax Amount $
10806
Tax Year
2018
Association Y/N
No

Contract Information

Original List Price
1600000

Property Information

Primary Use
Retail
Surveyed
Unknown
Deed
All
Deed Restrictions
Unknown
Bank Owned REO
No
Year Built
1979
Tenancy
Multiple Tenants
Leases
Yes
Total # Floors
2
SqFt Finished Total
5568
Lot Size Acres +/-
0.37
Road Frontage +/-
300

Status Change Info

Pending Date
2020-08-06
Closed Date
2020-10-23
Closed Price
1275000

Water Info

Waterfront
No
Water View
No

Sold Info

Appraiser Email Address
tom@cprimegroup.com

More Information

Property Features

Location: Bus Line; Business District; Downtown; Near Shopping; Public Transport Access; Rail Available; Retail Strip Recreational Water: Nearby Construction: Wood Frame Property Uses: Bar/Tavern/Lounge; Bed & Breakfast; Commercial; Convenience Store; Development; Hotel/Motel; Resort; Restaurant; Retail Basement: Slab Foundation Materials: Poured Concrete; Slab Exterior: Aluminum Siding; Vinyl Siding; Wood Siding Roof: Membrane; Metal; Shingle Building Features: Overhead Doors; Storage Parking: 21+ Spaces; On Site; Paved Sewer: Public Sewer Water: Public Sold Terms Other: Arms Length

Documents

IDX
Listing Office: Colliers International
Selling Office: Keller Williams Realty
Last Updated: January - 01 - 2025
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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