Seagrass Inn
For Sale
Contact for pricing
50-54 W Grand Ave, Old Orchard Beach, ME 04064
Established lodging property with ocean-view rooms, a two-bedroom cottage, and a separate owner’s apartment.
Property SizeContact for details
Days on Market144
Property Features for 50-54 W Grand Ave
General Information
Standard status
Active
Property subtype
Hospitality
Additional Details
Sprinkler System
Yes
Amenities
Outdoor heated swimming pool with fenced patio offering guest privacy
ocean views
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
Daigle Commercial Group
(207) 773-4222
Listed By:
Roger Daigle · License #DB208870
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 3:58AM
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 Daigle Commercial Group
Investment Insights
Based on property information with market context.
Seagrass Inn is a 31-unit motel comprising 30 guest rooms in a two-story building and a detached two-bedroom cottage. Guest rooms include full or queen beds, individual AC units, refrigerators, and mostly microwaves, along with 48-inch flat-screen televisions. Twenty-six rooms have ceramic tile flooring, while three feature laminate flooring. The cottage provides a large living room, full kitchen, and hardwood and ceramic tile flooring.
A building completed in 2019 adds the front desk, lobby, office, garage and storage area, and guest bath on the first floor. Its second floor contains a one-bedroom, two-bath owner’s apartment with an open layout, new appliances, and two decks. The property also includes an outdoor heated pool with a fenced patio, a full sprinkler system serving all three structures, and parking for the guest rooms. Several rooms offer ocean views, and excess parking may be rented to daytime beach visitors.
A building completed in 2019 adds the front desk, lobby, office, garage and storage area, and guest bath on the first floor. Its second floor contains a one-bedroom, two-bath owner’s apartment with an open layout, new appliances, and two decks. The property also includes an outdoor heated pool with a fenced patio, a full sprinkler system serving all three structures, and parking for the guest rooms. Several rooms offer ocean views, and excess parking may be rented to daytime beach visitors.
Key Highlights
- 31‑unit motel with 30 guest rooms plus a detached two‑bedroom cottage
- 2019 building includes front desk, lobby, office, garage/storage, and guest bath
- One‑bedroom, two‑bath owner’s apartment with open layout, new appliances, and two decks
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
- Nautical View New Cottage Steps to Beach — 2 Tunis Ave, Old Orchard Beach, ME 04064
- 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
Frequently Asked Questions
What type of property is this?
Motel - Established lodging property with ocean-view rooms, a two-bedroom cottage, and a separate owner’s apartment.
Where is this motel located?
The property is located at 50-54 W Grand Ave Old Orchard Beach, ME.
What are key features of this property?
This property features: 31‑unit motel with 30 guest rooms plus a detached two‑bedroom cottage; 2019 building includes front desk, lobby, office, garage/storage, and guest bath; One‑bedroom, two‑bath owner’s apartment with open layout, new appliances, and two decks
