Entity Owned Property summary
The property is categorized as a specialty commercial asset, specifically classified as an “other specialty property,” and is located at 57 Saco Ave in Old Orchard Beach, Maine 04064. The provided information does not include details such as building size, unit or tenancy configuration, or specific improvements, so those characteristics are not established from the available data. No further site attributes (including frontage, access, visibility, or proximity to commercial anchors) are described and would require verification during due diligence to assess suitability for an intended use. Any permitted operating requirements and building condition considerations would depend on the final suite/improvement details and the applicable zoning and regulatory framework, which are not specified in the available description.
Property profile
VerifiedCap rate & NOI
Current use
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Kitchen & Bath Showroom Interior Design
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Furniture & Home Goods Home Decor Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
(b) With the density of the settlement pattern of this area, the GB-2 district is primarily designed to encourage conversion of existing residential structures to small office and retail operations that generate relative…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GB-2 · Old Orchard Beach, ME(b) With the density of the settlement pattern of this area, the GB-2 district is primarily designed to encourage conversion of existing residential structures to small office and retail operations that generate relative…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
(b) With the density of the settlement pattern of this area, the GB-2 district is primarily designed to encourage conversion of existing residential structures to small office and retail operations that generate relative…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GB-2 in Old Orchard Beach, ME.
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