Closed

1 Roussin Street

Old Orchard Beach ME, 04064

$3,775,000


Closed

12,000 sqft

Commercial

Built in 1975

Courtesy of Keller Williams Realty

Rare opportunity to acquire a southern Maine motel situated directly on the white sands of Old Orchard Beach. The 34-unit Carolina Resort Motel features an irreplaceable oceanfront location with private access to approximately 106' of beach frontage. Property amenities include a seasonal heated outdoor pool, courtyard with grill and picnic tables, in-house laundry, office with access to a studio apartment, and two-bedroom manager's quarters.

All guest rooms come equipped with two double beds, kitchenette, free wi-fi, flat screen TVs, and coffee maker. Some units offer a balcony or patio with unobstructed views of the Atlantic Ocean.

In addition, the offering includes a separate 3-unit building currently used as seasonal housing for staff. The building is on a separate lot, and could continue to operate as staff quarters, or be updated for use as additional short-term rentals.

The Carolina Resort Motel offers a new owner the opportunity to continue to operate as a lodging property in one of Maine's most popular tourist destinations just 20 minutes from Portland, or the potential to redevelop/reposition the property into condominiums given the rare location on the shores of Old Orchard Beach.


There are 20 parking spaces at the motel. A lease for additional parking at the abutting lot owned by seller could be negotiated.

1529434

MLS ID

March 16, 2024

Updated

Map

1 Roussin Street
Old Orchard Beach ME, 04064

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Baseboard

Exterior/Building Features

Lot Size

0.4 Acres


Lot Features

Water View, Water Frontage, Near Shopping


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Taxes

$21,121


Tax Frequency

Annually


Garage

No


Parking

21 Spaces, Leased, On Site


View

No


County

York


Water Source

Public


Pool

No


Waterfront

Yes


Zoning

BRD


Buyer Agency Compensation

1.5%

Listing History

Date

Event

Price

10/13/2023

Sold

$3,775,000

Listing Contact: 207-266-2370

Bought with Keller Williams Realty and Listed by Keller Williams Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Michele Perejda shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Maine Real Estate Information System, Inc. All rights reserved. 

Data last updated 2:20 AM UTC, 3/16/2024

 

Powered byLuxury Presence