Single-Tenant Open Concept Retail
57 Saco Ave Old Orchard Beach, ME 04064
For Sale
Contact for pricing
Single-tenant storefront offers an open concept layout in a historic-charm building on Saco Ave.
Property Size1,823 SF
Price / SF$375.75
Days on Market57
Property Features for 57 Saco Ave
General Information
Standard status
Active
Size
1,823 SF
Property subtype
RETAIL
Listing Agency:
Malone Commercial Brokers
(207) 415-7982
Listed By:
Brandon Mitchell · License #920783
(207) 415-7982
Source:
Moodyscre
Added: Jun 3
Changed: Jul 27
Last Checked: Jul 28 at 2:53PM
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 Malone Commercial Brokers
Investment Insights
Based on property information with market context.
This single-tenant storefront includes an open concept sales area in a 1,823± SF building described as having historic charm. The space is configured for a wide range of commercial uses under the General Business Two zoning designation.
The property is located on Saco Ave and benefits from traffic counts of 9,930± cars/day (AADT, 2022). It is within walking distance of downtown, the beach, and the commuter train.
The General Business Two zoning is described as favorable to a variety of uses, including residential. Interested parties should confirm specific permitted uses and requirements for their intended operation.
The property is located on Saco Ave and benefits from traffic counts of 9,930± cars/day (AADT, 2022). It is within walking distance of downtown, the beach, and the commuter train.
The General Business Two zoning is described as favorable to a variety of uses, including residential. Interested parties should confirm specific permitted uses and requirements for their intended operation.
Key Highlights
- 1,823± SF single‑tenant open concept space in a historic‑charm building
- Located on Saco Ave with 9,930± cars/day (AADT, 2022)
- General Business Two zone supports a variety of uses, including residential
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.6k | $18.96 |
| − Vacancy | −$2.9k | −$1.61 |
| EGI | $31.6k | $17.35 |
| − OpEx | −$9.5k | −$5.20 |
| NOI | $22.1k | $12.14 |
1,823 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$316.3K
$276.7K – $369.0K
NOI $22,138 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$577.9K
$505.7K – $674.2K
NOI $40,452 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - Single-tenant storefront offers an open concept layout in a historic-charm building on Saco Ave.
Where is this storefront property located?
The property is located at 57 Saco Ave Old Orchard Beach, ME.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 1,823± SF single‑tenant open concept space in a historic‑charm building; Located on Saco Ave with 9,930± cars/day (AADT, 2022); General Business Two zone supports a variety of uses, including residential
