Parking Lot Steps from Pier

Vacant Land for Sale
Sale Pending
Also listed as Special Purpose
Catylist Listing ID: 30607649
Property Subtypes: Hospitality, Multi-Family, Other
Status: Pending
Gross Land Area: 0.19 Acres
Sale Price: $750,000
Unit Price: $3,947,368 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/20/2020

Overview / Comments

We are pleased to present a 38 space parking lot ideally located steps from Old Orchard Beach’s most visited attraction, The Pier. The parking lot abuts a retail building that is fully occupied by Subway, Dewey’s Seafood, and Barnett Books; building owner has rights to the 4 closest parking spaces. Situated on a downtown lot, this site offers flexible zoning, which allows for many uses, including multifamily, condominium, and hospitality.

Opportunity to build a parking garage and capitalize on Old Orchard Beach’s flourishing tourism numbers. The town of Old Orchard Beach has 9,000 year-round residents and up to 75,000 tourists in the summer months. Located about 3 miles to Route 1 and I-95.

The parking lot can also be purchased as part of a package with the abutting fully occupied retail building, which includes 4 parking spaces, for $1.5M.

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 206-32-1
Zoning: DD-1, DOWNTOWN DISTRICT
Feet of Frontage: 60
Site Description: Parking Lot
Lot Frontage: 130
Water Service: None
Sewer Type: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,016 19,283 52,565
Median Age: 46.91 46.04 42.5
Households: 2,051 8,810 22,476

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