Motel with
New
For Sale
$3,400,000
29 Saco Ave, Old Orchard Beach, ME 04064
Nine cottages and nine motel rooms each include a mini-kitchen, alongside an on-site three-bedroom owner’s house.
Property Size7,100 SF
Price / SF$478.87
Days on Market4
Property Features for 29 Saco Ave
General Information
Standard status
Active
Size
7,100 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Currently Operating
Yes
Building Details
Year Built
1955
Stories
2
Listing Agency:
(207) 310-8592
Listed By:
Carol Kline
Source:
Klinerealtygroup
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 1:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Carol Kline
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Investment Insights
Based on property information with market context.
This 7,100-square-foot motel property includes nine cottages and nine motel rooms, with a mini-kitchen in each guest accommodation. An owner’s Cape-style house with three bedrooms is also on site, and staff are housed at the property. The motel was built in 1955.
The property is located on Saco Avenue at the edge of downtown Old Orchard Beach, in a beachfront community.
The property is located on Saco Avenue at the edge of downtown Old Orchard Beach, in a beachfront community.
Key Highlights
- Nine cottages and nine motel rooms
- Mini‑kitchens in every cottage and motel room
- Three‑bedroom Cape‑style owner’s house on site
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 04064, ME
8,452
Population
6,783
Households
1.2
Avg Household Size
53
Median Age
40%
College-Educated
96%
High-School Grad
6.7 sq mi
ZIP Area
1,261
Density / Sq Mi
$66,689
Median Household Income
$42,532
Median Earnings
$1,142
Median Rent
$312,700
Median Home Value
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Similar Off Market Nearby
- Concorde Motel — 136 W Grand Ave, Old Orchard Beach, ME 04064
- Sea Cliff House — 2 Seacliff Ave, Old Orchard Beach, ME 04064
- The Ocean Tripp Inn — 6 Union Ave, Old Orchard Beach, ME 04064
- Point Of View Inn — 3 Camp Comfort Ave, Old Orchard Beach, ME 04064
- Waves Oceanfront Resort — 87 W Grand Ave, Old Orchard Beach, ME 04064
Frequently Asked Questions
What type of property is this?
Motel - Nine cottages and nine motel rooms each include a mini-kitchen, alongside an on-site three-bedroom owner’s house.
Where is this motel located?
The property is located at 29 Saco Ave Old Orchard Beach, ME.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Nine cottages and nine motel rooms; Mini‑kitchens in every cottage and motel room; Three‑bedroom Cape‑style owner’s house on site
