780 York StYork, ME 03909

  • Other commercial real estate
  • 13,395 SF
For Sale

Property Details for 780 York St

Lot size
2.23 AC
Property size (Sq ft)
13,395 SF
Zone code
B2
Property type
Other commercial real estate
APN
YORK M:0038 B:0059
APU
YORKM0038B0059

Description

This 52-unit hotel complex in York Beach, Maine, presents a unique investment opportunity. Situated on a 3.17-acre lot at 780 York Street (Route 1A), the property boasts 300+ feet of road frontage and excellent visibility. The complex includes fifteen buildings totaling 33,511 square feet, featuring a 3-story, 30-room main building, a 2-story, 12-room building, ten 2-bedroom bungalows, an office building, a pool house, and a shed/garage. The 93 beds are distributed across 16 King, 55 Queen, and 22 Full configurations. Extensive site improvements include 74 paved parking spaces, two saltwater swimming pools, landscaping, and lighting. Built in 1950 with significant renovations starting in 2020, the property includes updated HVAC heat pumps, thermal windows, and modern amenities. The property is zoned BUS-2, SP, and LR, and is located in FEMA flood zones AO and AE (Map 2301590028D, June 17, 2002). Public water and sewer are available, along with electric, cable, and telephone utilities. The hotel is conveniently located 3.1 miles from the Maine Turnpike and 1.6 miles from York Village and York Harbor, with the Atlantic Ocean just 85 feet away. 78% of the property is sprinklered. The property is being sold as an entirety, including all personal property, furnishings, and equipment.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,534,858
    Hospitality
    $2,321,916
    Educational
    $1,931,807
    Medical
    $1,998,245
    Retail
    $3,005,033
780 York St, York, Maine
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Location Insight

City
York
County
York
State
Maine
Latitude
43.1503
Longitude
-70.6251
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
$40,336
$2,230,000
$2,543,500
$4,773,500
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