Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    62 Grand Ave Old Orchard Beach, ME 04064-2810
    Back to Search
    Property profile & analytics

    62 Grand Ave, Old Orchard Beach, ME 04064-2810

    View on Map

    • Commercial real estate
    • 6,825 SF
    • 0.43 lot acres
    Off-Market
    Last Sale Apr 23, 2024
    $1,800,000
    Property ID
    US42-0415763
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,800,000
    Show details
    Cap Rate Potential
    4.7%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • Sir Charles Motel / Hotel & Motel
    • Green Dolphin Motel / Hotel & Motel
    • Gelateria I Pazzi / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 62 Grand Ave

    Year built
    1962
    Construction
    FRAME
    Lot size
    0.43 lot acres
    Zone code
    DD-2
    Property type
    Commercial real estate
    APN
    OOBH M:305 B:6 L:9
    APU
    OOBHM305B6L9

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 23, 2024 $1,800,000 Zheng Property Mgmt LLC Coastal West Surf INC Quit Claim Arm's Length For Ne States $2.7M · Saco & Biddeford Savings
    Nov 9, 2007 — Randyll G Thompson — Deed Of Trust · related —
    — — Coastal West Surf INC — Deed Of Trust · related $150k · Saco & Biddeford Svgs Inst

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,800,000
      ML approach
      $1,800,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,415,000
      6.5%
      $1,305,000
      7%
      $1,210,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,741,000
      Market price range: $860k - $3.05M
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,895,000
      Current use
      RETAIL STORES
      $1,895,000
      Change: +0% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Old Orchard Beach
    County
    York
    State
    Maine
    Longitude
    -70.3711
    Latitude
    43.5202
    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
    $20,234
    $850,000
    $924,900
    $1,774,900
    -
    $0.00
    $0.00
    $0.00
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message