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1 Roussin StreetOld Orchard Beach, ME 04064MLS Number 1529434

  • Sale Price: $3,775,000
  • 73 Days Since Sale
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Federal 30-year interest rate: 6.79% last updated on Jun 1, 2023
* 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.
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1 Roussin Street Old Orchard Beach ME 04064
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  • 0.4Acreage
  • 1975Year Built
  • 12,000Square Feet

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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

Sold by Keller Williams Realty

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Basic Information

  • Documents Available Lead Paint Addendum Public Access, Property Disclosure Public Access
  • Property Uses Hotel/Motel

Location

  • Address1 Roussin Street
  • Building Number1
  • CountyYork
  • Latitude43.521012
  • Longitude-70.368993
  • StateME
  • StreetRoussin Street
  • TownOld Orchard Beach
  • Zip04064

Exterior

  • RoofShingle

Amenities

  • Mls StatusClosed
  • Other Amenities
    • Basement
    • Beachfront
    • Fireplace
    • Pool
    • Water View
    • Waterfront

Water Body

  • Water Body TypeOcean
  • Water Info Water Frontage Yes
  • Water Info Water Frontage Owned 106
  • Water Info Waterfront Amount 106
  • Waterfront Features Ocean

Tax Information

  • Tax Book Number 17831
  • Tax Lot1
  • Tax Map Number 304
  • Tax Year 2021
  • Taxes$21,121

Building

  • BasementUnfinished
  • Building ConstructionMasonry
  • Building FeaturesSprinkler - Dry
  • Garage Spaces
  • Year Built1975

Property

  • Water ViewYes

Utilities

  • Electric Circuit Breakers
  • Heat SystemBaseboard
  • Heating YN Yes
  • Sewer Public Sewer
  • Water Source Public

Legal

  • ZoningBRD

Other

  • Date Listed12/05/2022
  • Recreational Water Oceanfront, Public, ROW to Water
  • View Count3

Parking

  • Parking Features 21+ Spaces, Leased, On Site

Basic Information

  • Agent ID016986,016907
  • Broker ID1898
  • Broker NameKeller Williams Realty
  • List Price$3,799,000
  • LocationTypeNear Shopping, Water Frontage, Water View
  • MLS Number1529434
  • Modification Date03/23/2023
  • Property SubTypeGeneral Commercial
  • Sale Date03/22/2023
  • Sale Price$3,775,000

Property Information

  • Acreage0.4
  • Lot Features Near Shopping
  • Lot Size Square Feet 17,424
  • Lot Size Units Acres
  • Square Feet12,000

Photos

  • Number of Photos6

Old Orchard Beach, ME Demographics

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Old Orchard Beach, ME Real Estate Market Data

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Old Orchard Beach, ME Schools

School NameDistanceTypeGrades
Gosselin Realty Group

Your Local Office

More Info »
Gosselin Realty Group
Office: 207-363-2414
647 US Route One
Suite 210, PO Box 393
York, ME 03909

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. ©2023 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Gosselin Realty Group participates in ©2023 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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