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1 Roussin StreetOld Orchard Beach, ME 04064Price: $3,799,000

  • Price: $3,799,000
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Federal 30-year interest rate: 6.29% last updated on Sep 22, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $3,799,000List Price
  • 0.4Acreage
Pending

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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.
Listed by Keller Williams Realty

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Coldwell Banker Plourde Real Estate participates in ©2022 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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