136 W Grand Avenue

Old Orchard Beach, ME 04064
Square Ft.
12,306
$3,200,000
Estate Sale. The Concorde Motel is a 16 unit motel with a beautiful contemporary owners home offering 3,486 SF of living space (3 bedrooms, 4 full baths). This well established motel is in good condition and has always been very well maintained. The ocean is directly across the street. This property consists of 3 abutting buildings. Building #1 is the owners home with a motel office & inground pool for the guests (3,486 SF). Building #2 offers 12 Motel units (3,970 SF). Building #3 offers 4 townhouse apartments each offering two bedrooms & 1.5 baths (4,850 SF). The owners home can also offer added rental income for the right investor as each bedroom has it's own full bathroom ( Air BNB). Abundant parking for all the rental units. MUST SEE PROPERTY!
Market LogoCourtesy of Realty Sales Inc 207-252-7474
Listing Snapshot
Days Online
50
Last Updated
Property Type
Investment
Square Ft.
12,306
Lot Size
0.5 Acres
Year Built
1987
MLS Number
1650877
Additional Details
Building
Building Area Total: 12,306, Year Built: 1987
Lot
0.5 acres, Area: 0.5, 21,780 square feet
Parking
Features: "21+ Spaces", "On Site", "Paved"
Property
Business Type: "Hotel/Motel", Parcel Number: 136WGrandAveOldOrchardBeach04064, Property Sub Type: Investment, Zoning: R-3
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $19,442, Tax Lot: 6
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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30 Days Snapshot Of 04064
$477k
-3%
(avg) sold price
16
+60%
homes sold
57
+90%
(avg) days on market
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Fred Andrews
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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.