Approved Condominium project in Old Orchard
Multi-Family
for Sale
| Catylist Listing ID: |
30806887 |
| Property Subtypes: |
Duplex/Fourplex
|
| Building Status: |
Proposed |
| Number of Units: |
24 Units |
| Building Size (RSF): |
3,700 SF |
| Gross Land Area: |
2 Acres
|
| Sale Price: |
$3,000,000 |
| Unit Price: |
$125,000 Per Unit |
| Property Use Type: |
Investment |
| Usable Size (USF): |
3,700 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/15/2022 |
Overview / Comments
|
Town approved 24 unit luxury condominium site with ROW to the beach. Spectacular sunset views. All engineering, site plan, 8x 3 unit buildings with drive under garage design, storm water management, etc has been approved. Will need sewer and water connections from East Grand Ave.
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$8,946 (Annual) |
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
York |
| Tax ID/APN: |
OOBH-000201-000003-000006 |
| Zoning: |
RBD |
| On-Site Maintenance |
| Property Located Between: |
Route 1 & East Grand |
| Highway Access: |
Route 1 |
| Site Description: |
Approved 24 unit condo project that is shovel ready |
| Total Number of Buildings: |
8 |
| Number of Stories: |
3 |
| Year Built: |
2022 |
| Roof Type: |
Gable |
| Construction/Siding: |
Vinyl Siding |
| Exterior Description: |
New construction |
| Parking Type: |
Other |
| Parking Description: |
Garage under |
| Total Parking Spaces: |
57 |
| Laundry: |
In Each Unit |
| Heat Type: |
Electricity |
| Heat Source: |
Heat Pump |
| Fuel: |
Electric |
| Air Conditioning: |
Other |
| Internet Access: |
Cable |
| Interior Description: |
New Construction |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Water Rights, Utilities |
| Easements Description: |
Access to the beach and utility easements for the project |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,563 |
15,798 |
42,198 |
| Median Age: |
46.55 |
47.78 |
43.86 |
| Households: |
762 |
7,293 |
18,470 |
|
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