98-102 E East Grand Avenue, Old Orchard Beach, ME 04064

$1,950,000
Property Type: Commercial Square Footage: 8,307 Lot Size (sq. ft.): 22,651 Status: Closed
Current Price: $1,950,000 List Date: 11/20/2023 Last Modified: 1/17/2025

Overview

Description

Belkis Beach Motel. 18 Unit Motel consisting of 16 Motel Units, Owner's Unit & A Two Bedroom Cottage. Owner's Unit offers a front reception office, kitchen, living room, 3 bedrooms, laundry facility and a one car garage on the main level. The finished basement offers an additional two bedrooms with a full bath, along with a small studio unit with it's own full bath and a finished family room for additional rental income. Heated in-ground pool, new paved parking lot. Some water views from the 2nd floor. Located directly across the street from the beach. Short walking distance to all the tourist amenities-pier, amusement park, restaurants, shopping etc. Terrific location with a high traffic count & exposure. Motel is licensed for year around rentals. These units can be rented daily, weekly, monthly & year around. Must see property!

Listing Details MLS# 1577828

Location Information

Street #
98-102
Pre Direction
E
Street Name
East Grand
Street Type
Avenue
County
York
Town
Old Orchard Beach
State/Province
ME
Zip Code
04064
Leased Land
No
Book
18414
Page
212-216
Map
304
Block
7
Lot
9
Zoning
BRD
Full Tax Amount $
12899
Tax Year
2024
Association Y/N
No

Contract Information

Original List Price
1950000

Property Information

Primary Use
Investment
Surveyed
Yes
SqFt Finished Total
8307
Lot Size Acres +/-
0.52

Status Change Info

Pending Date
2023-12-06
Closed Date
2024-02-20
Closed Price
1950000

Water Info

Water View
Yes
Water Body Name
Atlantic Ocean

Utilities

Utilities On
Yes

More Information

Sold Info

Appraiser Email Address
jim.berry@cushwake.com

Property Features

Location: Business District; Deep Water Access; Downtown; Near Shopping; Near Turnpike/Interstate; Rail Available; Retail Strip; Water View Water Body Type: Ocean Recreational Water: Nearby; Public; Waterfront Deep Property Uses: Hotel/Motel Basement: Finished; Full Foundation Materials: Block; Poured Concrete Exterior: Block; Vinyl Siding Roof: Membrane; Pitched; Shingle Heat System: Baseboard; Hot Water; Zoned Heat Fuel: Gas Bottled; Oil Building Features: Security System Parking: 21+ Spaces; On Site; Paved Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public

Documents

IDX
Listing Office: Realty Sales Inc
Selling Office: Maine Real Estate Co
Last Updated: January - 17 - 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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