Auberge Beachside Apartments

Hospitality for Sale
Catylist Listing ID: 30515873
Property Subtypes: Extended Stay, Vacation Rental(s), Other
Number of Units: 4 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 0.18 Acres
Sale Price: $710,000
Unit Price: $177,500 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Name of Establishment: Auberge Beachside Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/6/2020

Overview / Comments

Beachside(Surfside section of Old Orchard Beach) multi-family house with Right of Way to 6 mile sandy beach. First floor is an open floor plan with dining room, living room and large sunny kitchen. Nice wood cabinets, soapstone kitchen sink, beamed ceiling and glassed in porch. Two bedrooms, 1.5 baths, pellet stove make this a comfortable living space.
The second floor has been completely renovated and operates in the summer as; Auberge Beachside Apartments. There are 3 beautiful bedroom suites each with a full bath, a balcony with ocean views, flatscreen TV's, wifi plus an additional hallway half bath. Lastly, the second floor suites enjoy a common area fully equipped kitchen and living room. The grounds offer a private yard with a picnic table and gas grill for guests to use as well as good parking. The private Right of Way to the beach is located in the backyard of this property. 50 feet to 7 miles of sandy beach.
This house has rented to guests in the off-season. Other possibilities are; Air B & B, long term rental or boarding house. Short distance to OOB town square and Pine Point in Scarborough

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $6,931 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 303-1-6
Zoning: BRD-BUSINESS/RESIDENTIAL DISTRICT
Retail Clientele: General, Family, Traveler, Tourist, Recreation, Other
Property Located Between: Pine Point, Scarborough and Old Orchard Beach Center.
Property Visibility: Excellent
Largest Nearby Street: East Grand Ave.
Highway Access: East Grand Ave to Pine Point Road to Route 1 to Haigus Pky to I-95
Airports: Portland International Jetport-Portland
Site Description: Located on East Grand Ave. level lot set back from road(mid-lot). Nice flowery trees and hanging plants(seasonally). Fenced in yard offering good privacy. Private Right of Way to a 6 mile sandy beach.
Area Description: The surrounding area consists of single, multi-family units and a small condominium complex nearby. There are seasonal motels as well as a few year round motels nearby. This is typical along the Maine Coast.
Nearby Attractions: The center of Old Orchard Beach offers, dining, shopping, Palace Playland(an amusement park) take-out food eatery's, clothing and souvenir stores. To the north is Pine Point offering seafood restaurants. Route 1 in Saco has FunTown Splashtown USA waterpark. I-Max Theater, Aquaboggan Waterpark. Portland, Maine to the north has many restaurants and working waterfront. South Portland has a regional shopping mall and Freeport, Maine is the home of LL Bean.
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1910
Year Renovated: 1983
Roof Type: Gable
Construction/Siding: Vinyl Siding
Average Occupancy Rate: 90
Water Recreation: Other
Exterior Description: The building is a two story New Englander style building. A side porch has been added on the north side, a stairway to the second floor, and decks for the second floor bedroom suites.
Total Parking Spaces: 10
Parking Type: Surface
Parking Description: surface paved outdoor parking
Sprinklers: None
Laundry: Laundromat Nearby
Heat Type: Electricity, Oil, Other
Heat Source: Baseboard, Other
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: First floor is an open floor plan of living and dining room. Sunny kitchen large enough for gatherings. Soap stone kitchen sink, beamed ceiling, 2 bedrooms and 1.5 baths. Second floor has been totally renovated into 3 guest room suites including private balconies, flat screen TV's and private baths. Also included a hallway bath, and common area full kitchen with living room. A great place to gather to prepare meals.
Zoning Description: Business/Residential District
Water Service: Municipal
Sewer Type: Municipal
Easements: Water Rights
Easements Description: Deeded right of way to the beach.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,999 17,245 48,679
Median Age: 45.02 46.22 43.41
Households: 1,985 7,943 21,281

Contact

Photograph of Listing Agent

Donald Pilon

Bean Group
NECPE Member
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