Property profile

8 Grand Ave Old Orchard Beach, ME 04064

OFF-MARKET
Turn key restaurants
Property ID
US42-0091177
3,330 SF 0.12 ac lot Built 1960
Individually Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,330 SF
Lot 0.12 ac (5,342 SF)
Zoning code DD-1
APN OOBH M:306 B:5 L:3
UPID US42-0091177

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Specialty Food Shop
  • Restaurant Take-out & Catering
  • Restaurant
  • Restaurant

Location

8 Grand Ave Old Orchard Beach, ME 04064-2810
Old Orchard Beach metro Census 6105 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2014
1 recorded transaction
2014
Price N/A

Zoning & alternative use

DD-1 · Old Orchard Beach, ME
Zoning description

Downtown District-1 (DD-1) Sec. 78-716. - Purpose. The purpose of the downtown district 1 (DD-1) is to maintain the historical downtown area as the town’s principal commercial, service, and entertainment center for yearr…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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