61 West Grand Ave

Multi-Family for Sale
Catylist Listing ID: 30598851
Number of Units: 30 Units
Building Size (RSF): 15,218 SF
Gross Building Area: See Agent
Sale Price: $3,500,000
Unit Price: $116,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/15/2020

Overview / Comments

The Old Colonial Motel is a well-maintained two story beachfront property with spectacular views of the Atlantic Ocean and direct access to 7 miles of white sandy beaches.

PROPERTY HIGHLIGHTS
30 units include comfortable rooms and suites plus a managers apt.
Outdoor heated pool, two hot-tubs for all guests to use (2 additional hot tubs for private use in oceanfront units), grill, and seating.
All rooms include individual heat and air conditioning units, refrigerators, Keurig coffee makers, Wi-Fi, microwaves, and flat-screen TV’s.
Short walk to pier and other area attractions including weekly fireworks.
Beach chairs, umbrellas, boogie boards, and other day-trip amenities available on-site.
Easy driving distance to Portland and its wide array of attractions, museums, restaurants, shopping and other amenities that are fast making Maine’s largest city a premiere tourist destination.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 310-2-1
Zoning: DD-2
Community Amenities: Outdoor Pool, Community Hot Tub

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,132 19,933 49,553
Median Age: 47.83 46.21 42.6
Households: 2,155 9,119 21,422

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