94 Saco Avenue Old Orchard Beach, ME SOLD

$638,888
Baths 3
Square Footage 2,524
Acres 0.13
Photo of 94 Saco Avenue Old Orchard Beach ME 04064




Description

Turnkey Mixed-Use Investment Opportunity in the Heart of Old Orchard Beach! Welcome to 94 Saco Avenue, a fully furnished, income-producing mixed-use property just a 10-minute walk to the iconic Old Orchard Beach Pier, seven miles of sandy beach, restaurants, shopping, and entertainment. Whether you're expanding your investment portfolio, operating a successful short-term rental business, or taking advantage of the commercial zoning, this property offers immediate cash flow and exceptional versatility. This well-maintained two-unit property features a 3-bedroom, 1.5-bath first-floor unit with in-unit laundry, a newly rebuilt and insulated enclosed porch currently configured with two additional Airbnb beds, and six dedicated parking spaces. The unit is nearly fully booked for the current Airbnb season with a proven rental history. The second-floor unit offers 2 bedrooms, 1 bath, and two dedicated parking spaces. It is also nearly fully booked for the summer before transitioning to a signed winter lease through May 2027, providing reliable year-round income. The property is being sold fully furnished and stocked with Airbnb essentials, making it truly turnkey. The surveillance camera system conveys, allowing a seamless transition for continued short-term rental management. Income and expense statements are available for qualified buyers. Commercial Mixed-Use zoning offers additional value with a detached garage that could be converted into a workshop, studio, office, or retail space (subject to local approvals). An existing leased business sign at the front of the property provides an additional passive income stream. Recent updates include a new roof (2024), new siding and windows (2025), a rebuilt insulated porch, newer appliances, and more (see documents for complete list). Priced at $599,000, this rare coastal investment offers multiple income streams, commercial flexibility, proven rental performance.


Listed by Elevate Maine Realty, Katrina Manker 207-331-4565

Details

MLS 1672921
Status Closed
Price $638,888
DOM 40 days
Type Multi-Family
Baths 2 full baths
Square Feet 2,524 sqft
Garage Spaces 1
Lot Size 0.13 acres
Year Built 1930
Taxes Paid $4,499

Lot & Building Features

Amenities 1st Floor Bedroom, Bathtub, Security System, Shower
Cooling None
Heating Oil, Propane, Baseboard, Forced Air
Parking Description Common, Paved, 5 - 10 Spaces, Detached
Tax Year 2024
Taxes Paid $4,499
Water Public
Water Heater Gas, Oil, Tank

Room Details

Basement Description Bulkhead, Exterior Entry, Full

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