Trust Owned Property summary
This property is an approximately 8,835-square-foot retail space in a retail shopping center in downtown Old Orchard Beach, Maine, located just off Saco Avenue (Route 5). The building was constructed around 2013 and uses vinyl and shingled exterior construction, and it sits on an approximately 1.8-acre site. The space has frontage on Heath Street and includes potential for strip-center signage. The shopping center includes multiple retail tenants, and a Dollar General store is located directly adjacent to the center, supporting potential retail storefront or shopping-space use.
Property profile
VerifiedCap rate & NOI
Current use
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Take-out & Catering
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Discount Store
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Gym & Fitness Center
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Take-out & Catering
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Downtown District-2 (DD-2) Sec. 78-746. - Purpose. The downtown district 2 (DD-2) represents a natural expansion of the DD-1 district into adjacent underutilized parcels for the purpose of increasing the critical mass of…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
DD-2 · Old Orchard Beach, MEDowntown District-2 (DD-2) Sec. 78-746. - Purpose. The downtown district 2 (DD-2) represents a natural expansion of the DD-1 district into adjacent underutilized parcels for the purpose of increasing the critical mass of…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Downtown District-2 (DD-2) Sec. 78-746. - Purpose. The downtown district 2 (DD-2) represents a natural expansion of the DD-1 district into adjacent underutilized parcels for the purpose of increasing the critical mass of…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DD-2 in Old Orchard Beach, ME.
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