6 Union AvenueOld Orchard Beach, ME 04064MLS Number 1565262

  • Price: $2,600,000
  • 81 Days on Market
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Federal 30-year interest rate: 7.31% last updated on Sep 28, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
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6 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 040646 Union Avenue Old Orchard Beach ME 04064
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  • 0.11Acreage
  • 5,096Square Feet
Rare beachside commercial and residential property with income from 4 apartments up to 8 apartment units (as per the Town). Also rentable as 16 individual bedrooms (as per the Town) utilizing 9 bathrooms and 5 kitchens . Located steps from the beach and the Atlantic Ocean, this is a fabulous 3 story beach house with attached 2 unit carriage house, and classic porch with rockers, all with water views. Flexible rental configurations maximize income. Perfect for investors with its successful AirBnB history, and its first floor commercial space to lease to a tenant or use to add to the strong AirBnB income. 6 Union Avenue would also be an ideal family compound to occupy while having income from the carriage house or rooms on upper floors in the main house. Not to be overlooked is converting the property to a grand private residence. The property is the third building from the beach on Union Avenue - the second busiest street in Old Orchard Beach. So much opportunity for pure investors, or for quality of life while living at the beach and making money. Comprised of a three story house, two unit carriage house and garage/surf shop. Built in 1910 with significant upgrades, including being fully sprinklered. Noted as a four to eight unit per the Town , and is licensed by the Town for 16 units. Has had successful first floor commercial users such as restaurant and surf shop. Part of the first floor is currently used for the owner's dwelling and can be easily converted to a restaurant or retail. Additionally the first floor is now a retail surf shop selling attire, and offering surf camps, classes and board rentals - employing the garage as a surf shack for storage and board rentals. Upper floors, and the carriage house, are used for seasonal rentals via AirBnB. Has 9 or 10 onsite parking spaces which could accomodate outside dining/beverages. Walking distance to restaurants, cafes, The Pier, Palace Playland, other entertainment & public transportation
Listed by Roxane Cole Commercial Real Estate LLC

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104 Water Street
Hallowell, ME 04347

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More Info

Basic Information

  • Documents Available Property Disclosure Public Access, Lead Paint Addendum Public Access
  • Property Uses Bar/Tavern/Lounge, Bed and Breakfast, Commercial, Convenience Store, Freestanding Building, Grocery, Hotel/Motel, Resort, Restaurant, Retail, Special Purpose

Building

  • BasementUnfinished
  • Building ConstructionVinyl Siding, Wood Frame
  • Building FeaturesFire System, Sprinkler - Wet
  • Commercial Bldg Information Total Units 16
  • FoundationBlock
  • Garage Spaces
  • Units16
  • Year Built1910

Utilities

  • Electric Circuit Breakers
  • Gas Bottled
  • Heat SystemBaseboard, Heat Pump, Stove, Propane
  • Heating FuelPropane
  • Heating YN Yes
  • Sewer Public Sewer
  • Water Source Public

Photos

  • Number of Photos18

Tax Information

  • Tax Book Number 17821
  • Tax Lot15
  • Tax Map Number 316
  • Tax Year 2023
  • Taxes$11,140

Location

  • Address6 Union Avenue
  • Building Number6
  • CountyYork
  • Latitude43.507649
  • Longitude-70.379664
  • StateME
  • StreetUnion Avenue
  • TownOld Orchard Beach
  • Zip04064

Interior

  • Flooring Carpet, Wood

Property Information

  • Acreage0.11
  • Lot Features Water View, Public Transport Access, Near Turnpike/Interstate, Near Shopping
  • Lot Size Square Feet 4,791
  • Lot Size Units Acres
  • Square Feet5,096

Parking

  • Parking Features 5 - 10 Spaces, Paved, Off Street, On Street

Basic Information

  • Agent ID001141
  • Broker ID3187
  • Broker NameRoxane Cole Commercial Real Estate LLC
  • List Price$2,600,000
  • LocationTypeNear Shopping, Near Turnpike/Interstate, Public Transport Access, Rail Available, Water View
  • MLS Number1565262
  • Modification Date08/30/2023
  • Property SubTypeMixed Use

Property

  • Water ViewYes

Exterior

  • Exterior Vinyl Siding

Amenities

  • Cooling Multi Units, Heat Pump
  • Cooling YN Yes
  • Mls StatusActive
  • Other AmenitiesBasement, Fireplace, Water View, Waterfront

Water Body

  • Water Body TypeOcean
  • Waterfront Features Ocean

Other

  • Date Listed07/14/2023
  • Recreational Water Nearby
  • View Count9

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2023 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

All Maine Homes participates in ©2023 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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