45 & 47 East Grand Avenue are listed as a package at $775,000. Buyer-developer likely has two business opportunities for the 5,550 +/- SF lot improved with two buildings; 1) Raze both buildings and construct a mixed-use three-story building with a business on the first floor and four residences upstairs and on-site parking; or 2) Raze 45 East Grand Avenue building to provide much needed on-site parking to serve 47 East Grand Avenue. 47 East Grand Avenue is improved with a mixed-use two-story building comprising a 2,000 +/- SF restaurant on the first floor and a rooming house on the upper floor with ten bedrooms, three baths, kitchen and porch. Second floor has housed summer workers for many years; last year gross revenue was $64,115. Restaurant didn't operate. 2021 revenue was $69,120, The dearth of nearby housing yields pricing power for the buyer-owner.

More Info

Basic Information

Attribution Contact (800)450-7784
Documents Available Property Disclosure Public Access
Property Uses Bar/Tavern/Lounge, Bed and Breakfast, Commercial, Net Leased, Restaurant

Building

Building ConstructionVinyl Siding, Wood Frame
Garage Spaces
Year Built1915

Property

Water ViewYes

Exterior

Exterior Vinyl Siding
RoofComposition, Pitched

Property Information

Acreage0.05
Lot Size Square Feet 2,178
Lot Size Units Acres
Square Feet4,110

Other

Date Listed10/19/2022
View Count6

Tax Information

Tax Book Number 17043
Tax Lot4-5
Tax Map Number 305
Tax Year 22
Taxes$7,109

Location

Address45-47 East Grand Avenue
Building Number45-47
CountyYork
Latitude43.519493
Longitude-70.370964
StateME
StreetEast Grand Avenue
TownOld Orchard Beach
Zip04064

Amenities

Mls StatusPending
Other AmenitiesFireplace, Water View, Waterfront

Water Body

Water Body TypeOcean
Waterfront Features Ocean

Parking

Parking Spaces11 - 20 Spaces, None

Basic Information

Agent ID003210
Broker ID2484
Broker NameBean Group
List Price$775,000
LocationTypeBusiness District, Downtown, Water View
MLS Number1546281
Modification Date03/08/2023
Property SubTypeMixed Use

Interior

Flooring Other, Vinyl

Utilities

Electric Circuit Breakers
Heat SystemNone
Sewer Public Sewer
Water Source Public

Legal

ZoningDd-2

Photos

Number of Photos18

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Your Questions & Comments I found a listing on "Coldwell Banker American Heritage Real Estate" which you may be interested in:

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Message I would like more information for 45-47 East Grand Avenue Old Orchard Beach ME 04064 (ID#:1546281)

I used to be a licensed real estate agent many years ago in CT. I have been involved in a number of R.E. transactions over the past 35 years, from Florida to Maine. It takes a unique combination of talents to reach the level of expertise that Mr. Sloan has demonstrated consistently while assisting me with the purchase of 3 properties over the last 5 or so yeras. As a rule, I do not give written recommendations. This one is truly deserved.

Dave Wilson

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