First-Floor Storefront Commercial
For Sale
$400,000
93 W Grand Ave, Old Orchard Beach, ME 04064
Ground-level commercial space suited to restaurant, retail, or sales-office use.
Property Size1,746 SF
Price / SF$229.10
Days on Market135
Property Features for 93 W Grand Ave
General Information
Standard status
Active
Size
1,746 SF
Property subtype
Retail Condo
Additional Details
Floor
1
Building Details
Building Size
1,746 SF
Listing Agency:
The Boulos Company
Listed By:
Joseph Italiaander · License #BA923466
(404) 933-7844
Source:
Boulos
Added: Jun 3
Changed: Oct 6
Last Checked: Oct 14 at 9:41PM
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 The Boulos Company
Investment Insights
Based on property information with market context.
This 1,746± SF commercial condominium occupies the first floor at 93 W Grand Ave in Old Orchard Beach, Maine. The property is offered for sale and is designated for restaurant, retail, or sales-office use.
Key Highlights
- 1,746± SF first‑floor commercial condominium
- Restaurant, retail, or sales‑office use
- 93 W Grand Ave, Old Orchard Beach, ME 04064
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,203
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,060
$424.1K
Cap Rate 7%
$302,900
$302.9K
Cap Rate 9%
$235,589
$235.6K
Market Conditions
NOI Build-Up for 1,746 SF
Gross rent
$33.1K $18.96/SF
− Vacancy
−$2.8K −$1.61/SF
EGI
$30.3K $17.35/SF
− OpEx
−$9.1K −$5.20/SF
NOI
$21.2K $12.14/SF
Area
York County, ME
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,060
Cap Rate 7%
$302,900
Cap Rate 9%
$235,589
Alternative Uses
Best Use
Retail
$302.9K
$265.0K – $353.4K
NOI $21,203 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$553.5K
$484.3K – $645.7K
NOI $38,743 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
Dollar General
Shops & Services
4,685 visits/mo
0.3 miles
Family Dollar
Shops & Services
3,501 visits/mo
0.3 miles
Domino's Pizza
Dining
1,775 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Ground-level commercial space suited to restaurant, retail, or sales-office use.
Where is this storefront property located?
The property is located at 93 W Grand Ave Old Orchard Beach, ME.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,746± SF first‑floor commercial condominium; Restaurant, retail, or sales‑office use; 93 W Grand Ave, Old Orchard Beach, ME 04064
