Retail
For Sale
$395,000
93 W Grand Avenue 101, Old Orchard Beach, ME 04064
The commercial unit is presented for restaurant, retail, or sales office use.
Property Size1,746 SF
Price / SF$226.23
Days on Market167
Property Features for 93 W Grand Avenue 101
General Information
Standard status
Active
Size
1,746 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$3,201
Building Details
Building Size
1,746 SF
Listing Agency:
The Boulos Company
Listed By:
Joseph Italiaander · License #BA923466
(207) 553-1730
Source:
Oceanviewproperties
Added: May 19
Changed: Oct 30
Last Checked: Oct 30 at 3:34PM
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
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.
This commercial condominium offers 1,746 square feet of interior space. Its stated use possibilities include restaurant, retail, and sales office functions, giving the unit a range of commercial applications.
Key Highlights
- 1,746‑square‑foot commercial condominium
- Restaurant, retail, or sales office use potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,203
Cap Rate
5.37%
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 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$553.5K
$484.3K – $645.7K
NOI $38,743 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
10k
Monthly Visits Nearby
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
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The commercial unit is presented for restaurant, retail, or sales office use.
Where is this retail space located?
The property is located at 93 W Grand Avenue 101 Old Orchard Beach, ME.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1,746‑square‑foot commercial condominium; Restaurant, retail, or sales office use potential
