8 Traynor StreetOld Orchard Beach, ME 04064MLS Number 1572264

  • Sale Price: $2,500,000
  • 247 Days Since Sale
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Federal 30-year interest rate: 6.12% last updated on Oct 3, 2024
* 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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8 Traynor Street Old Orchard Beach ME 04064
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  • 0.27Acreage
  • 11,604Square Feet
Amazing opportunity to own turnkey terrific income producing 20+ unit motel steps to beach with many recent upgrades. Excellent return on investment! Motel is comprised of 20 efficiency style units - some with double and single beds with privacy partitions in between beds - as well as 2 BD 1 BA owners quarters with new kitchen. Full basement with laundry and bathroom. All units have decks and some have ocean views from rear of room. Common areas for seating and inground heated pool. Motel licensed for year round or could be run seasonally. Great income with financials provided upon signing of NDA.
Listed by Kre Brokerage Group

Sold by Maine Real Estate Co

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Basic Information

  • Documents Available Property Disclosure Public Access
  • Property Uses Hotel/Motel

Location

  • Address8 Traynor Street
  • Building Number8
  • CountyYork
  • Latitude43.522235
  • Longitude-70.368471
  • StateME
  • StreetTraynor Street
  • TownOld Orchard Beach
  • Zip04064

Property

  • Water ViewYes

Interior

  • Flooring Laminate, Carpet
  • Interior Features Storage

Property Information

  • Acreage0.27
  • Lot Features Water View, Public Transport Access, Near Turnpike/Interstate, Downtown, Near Shopping
  • Lot Size Square Feet 11,761
  • Lot Size Units Acres
  • Square Feet11,604

Photos

  • Number of Photos36

Tax Information

  • Tax Book Number 17880
  • Tax Lot4
  • Tax Map Number 304
  • Tax Year 2022
  • Taxes$12,334

Building

  • BasementFull, Unfinished
  • Building ConstructionVinyl Siding, Wood Frame
  • Commercial Bldg Information Confidentiality Statement Yes
  • Commercial Bldg Information Gross Income $430,000
  • Commercial Bldg Information Operating Expenses $130,000
  • FoundationConcrete Perimeter
  • Year Built1958

Exterior

  • Exterior Vinyl Siding
  • RoofFlat, Membrane

Amenities

  • Cooling Central Air
  • Cooling YN Yes
  • Mls StatusClosed
  • Other AmenitiesBasement, Fireplace, Pool, Water View

Legal

  • ZoningBRD

Other

  • Date Listed09/17/2023
  • Recreational Water Nearby, Public
  • View Count37

Parking

  • Parking Features 21+ Spaces, Leased, On Site, Other, Off Street

Basic Information

  • Agent ID003995,019611
  • Broker ID1076
  • Broker NameKre Brokerage Group
  • List Price$2,850,000
  • LocationTypeDowntown, Near Shopping, Near Turnpike/Interstate, Public Transport Access, Water View
  • MLS Number1572264
  • Modification Date01/31/2024
  • Property SubTypeGeneral Commercial
  • Sale Date01/31/2024
  • Sale Price$2,500,000
  • Virtual TourView Tour

Utilities

  • Electric Circuit Breakers
  • Heat SystemHeat Pump
  • Heating FuelElectric
  • Heating YN Yes
  • Sewer Public Sewer
  • Water Source Public

Water Body

  • Water Body TypeOcean
  • Waterfront Features Ocean

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. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

All Maine Homes participates in ©2024 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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