25-Unit Motel with
62 E Grand Avenue, Old Orchard Beach, ME 04064
For Sale
$3,500,000
Guest accommodations include furnished rooms, kitchenettes, jacuzzi suites, and shared outdoor decks.
Property Size6,825 SF
Price / SF$512.82
Days on Market1059
Property Features for 62 E Grand Avenue
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
shared decks
kitchenettes
two hot tubs
large inground pool
storage sheds
maintenance rooms
commercial laundry
Building Details
Building Size
Year Built
Listing Agency:
Kre Brokerage Group
(207) 781-2958
Listed By:
Danielle Lape
(207) 730-2476
Source:
Integrityhomesrealestategroup
Added: Dec 19, 2023
Changed: Nov 11
Last Checked: Nov 11 at 2:25AM
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 Kre Brokerage Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Green Dolphin Motel is a 25-unit hospitality property with 6,825 square feet of building area. Most guest rooms have kitchenettes, and the units are furnished; three are jacuzzi suites. Shared decks, two hot tubs, and a large in-ground pool serve the property. A commercial laundry setup occupies the basement, with additional storage sheds and maintenance rooms. The building dates to 1962 and is zoned DD2.
The motel is across the street from seven miles of beach and the Atlantic Ocean. Some guest rooms and shared decks have ocean views.
A separate two-bedroom, two-bath owner’s apartment offers marsh views, a granite kitchen, jetted tub, hardwood floors, a large deck, and a sunporch. Recent work includes roof, paving, siding, electrical, plumbing, guest-room, and pool upgrades.
The motel is across the street from seven miles of beach and the Atlantic Ocean. Some guest rooms and shared decks have ocean views.
A separate two-bedroom, two-bath owner’s apartment offers marsh views, a granite kitchen, jetted tub, hardwood floors, a large deck, and a sunporch. Recent work includes roof, paving, siding, electrical, plumbing, guest-room, and pool upgrades.
Key Highlights
- 25 units, including 3 jacuzzi suites
- 6,825 square feet; built in 1962
- Most guest rooms include kitchenettes and all units are furnished
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Guest accommodations include furnished rooms, kitchenettes, jacuzzi suites, and shared outdoor decks.
Where is this motel located?
The property is located at 62 E Grand Avenue Old Orchard Beach, ME.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 25 units, including 3 jacuzzi suites; 6,825 square feet; built in 1962; Most guest rooms include kitchenettes and all units are furnished
