$650,000

Pending

Est. Mortgage $0/mo *

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28 Reggio Avenue, Old Orchard Beach, ME, 04064

28 Reggio Avenue, Old Orchard Beach, ME, 04064
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1 Full / 1 Half baths

1953

Ranch

1,320 sqft

Old Orchard Beach Income & Development Opportunity. This seasonal motel sits a stone's throw from the beach on .48 acres of mostly undeveloped land - one of the last remaining plots of this kind. Most recently used as a seasonal 3 bed Motel, with rooms rented both separately and together. The zoning density appears to allow for up to 4 units with conditional approval. In the center of Maine's most popular beach destination, this is an opportunity not to be missed! This property can be purchased in conjunction with 27 Odessa Ave, 8 residential units (four 2-units) on .58 acres that backs-up to the Reggio lot.

Status:

Pending

Type:

Multi-family

Units:

1

Zoning:

R3

Heating:

Baseboard

Cooling:

None

Basement:

Not Applicable, Unfinished

Parking:

5 - 10 Spaces, Gravel, Off Street

Acreage:

0.48

Est. Taxes:

$5,495

Construction

Shingle Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Level, Open Lot, Sidewalks, Near Shopping, Near Turnpike/Interstate, Near Town

MLS #:

1595447

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Vitalius Real Estate Group, LLC