Mixed-Use Development
95 West Grand Avenue, Old Orchard Beach, ME 04064
For Sale
$1,995,000
Three-property portfolio includes a fully permitted condominium development, a first-floor commercial condo, and an additional lot.
Property Size1,746 SF
Price / SF$1,142
Days on Market173
Property Features for 95 West Grand Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Building Details
Building Size
Listing Agency:
The Boulos Company
Listed By:
Joseph Italiaander · License ME BA923466
(404) 933-7844
Source:
Boulos
Added: May 22
Changed: Nov 10
Last Checked: Nov 10 at 6:05AM
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
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Investment Insights
Based on property information with market context.
This three-property portfolio includes a fully permitted residential development site approved for 11 condo residences plus commercial space, with water views. The unit mix is five (5) 1-bedroom, four (4) 3-bedroom, and two (2) 4-bedroom residences, and the development includes 17 surface-level parking spaces. An additional .06+/- lot is also available, which may serve excess parking needs or support residential development.
A 1,746+/- SF first-floor commercial condo is available for sale and is described as suitable for uses such as a restaurant, retail, or a sales office. The properties are located in Old Orchard Beach, positioned within steps of the beach as well as shops and restaurants.
The offering combines a permitted multi-unit residential plan with a separately available commercial condo component, along with an extra development parcel for flexibility.
A 1,746+/- SF first-floor commercial condo is available for sale and is described as suitable for uses such as a restaurant, retail, or a sales office. The properties are located in Old Orchard Beach, positioned within steps of the beach as well as shops and restaurants.
The offering combines a permitted multi-unit residential plan with a separately available commercial condo component, along with an extra development parcel for flexibility.
Key Highlights
- Fully permitted residential development site for 11 luxury condo residences plus commercial space with water views in Old Orchard Beach.
- Planned unit mix: five 1‑bedroom, four 3‑bedroom, and two 4‑bedroom condo units.
- Development includes 17 surface‑level parking spaces.
Property Analytics
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Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Three-property portfolio includes a fully permitted condominium development, a first-floor commercial condo, and an additional lot.
Where is this residential land & home lot located?
The property is located at 95 West Grand Avenue Old Orchard Beach, ME.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Fully permitted residential development site for 11 luxury condo residences plus commercial space with water views in Old Orchard Beach.; Planned unit mix: five 1‑bedroom, four 3‑bedroom, and two 4‑bedroom condo units.; Development includes 17 surface‑level parking spaces.
