277 Long Beach AveYork, ME 03910

  • Other commercial real estate
  • 6,696 SF
For Sale

Property Details for 277 Long Beach Ave

Lot size
2.00 AC
Property size (Sq ft)
6,696 SF
Zone code
R7
Property type
Other commercial real estate
APN
YORK M:0036 B:0082
APU
YORKM0036B0082

Description

This exceptional investment opportunity presents the Sea Latch Inn, an 82-key hotel complex situated on a 2+ acre lot in York Beach, Maine. The property boasts 160+ feet of frontage on both Long Beach Avenue and Eastern Avenue, offering excellent visibility and accessibility. Just 3.5 miles from the Maine Turnpike and 1.4 miles from York Village and York Harbor, this location provides convenient access to major transportation routes and local amenities. The complex comprises thirteen buildings, including a three-story, 36-room interior corridor building with an elevator, a two-story, 26-room exterior corridor building, and several smaller buildings and six detached cottages, totaling 90 rooms. The 34,654+/- square foot complex features a variety of room sizes, ranging from 338+/- square feet to 754+/- square feet. Built in 1960 with significant renovations in 2014 (Building A), the property includes ample parking, a swimming pool, and landscaping. The buildings are constructed with wood frames, poured concrete slabs, and vinyl siding. Interior features include a mix of flooring (carpet, tile, and wood), drywall and acoustical tile ceilings, and electric heat/AC splits. The property is zoned Residential-7, allowing for a variety of uses including hotels, motels, and restaurants. It's located in Flood Zone AE (EL-13), per FEMA Map 23031C0686G, effective July 17, 2024. Public water and sewer are available, along with electric, cable, and telephone utilities. The property includes security features, both interior and exterior. This property offers significant potential for a savvy investor seeking a well-established hospitality business in a highly desirable coastal location. The property is being sold as-is, including all personal property, food service equipment, furnishings, and electronics.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,267,145
    Hospitality
    $1,160,698
    Educational
    $965,687
    Medical
    $998,899
    Retail
    $1,502,180
277 Long Beach Ave, York, Maine
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Location Insight

City
York
County
York
State
Maine
Latitude
43.1576
Longitude
-70.6235
CBSA code
38860
CBSA name
PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$41,775
$2,400,000
$2,543,800
$4,943,800
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