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205 Saco Avenue, Old Orchard Beach, ME 04064

$1,200,000
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Active
SQUARE FEET5,817 MLS#1646231
STATUSActive PROPERTY TYPECommercial - Business

Property Description

Well-known in the community as Norman's Hotel, this high-visibility property offers a rare grandfathered-in building footprint with the legal right to rebuild the entire existing structure within current setbacks?a powerful redevelopment advantage in Old Orchard Beach. Prominently positioned with road frontage on two sides, the site benefits from exceptional exposure, accessibility, and traffic counts.The existing motel consists of 28 efficiency-style units, most equipped with kitchenettes, plus two residential apartments: Apartment #1 offers 3 bedrooms and 1 bath, and Apartment #2 offers 1 bedroom and 1 bath. Zoning allows for up to six total residential units, opening the door to multiple redevelopment or repositioning strategies, including condominium conversion, boutique micro-hotel, short-term rental concept, or other creative uses subject to town approvals.An additional rear lot provides potential expansion opportunities, further enhancing long-term upside. This is a true rebuild, redesign, reimagine opportunity in one of Old Orchard's most visible corridors?ideal for developers, investors, and visionaries seeking a property with built-in entitlements and meaningful future flexibility.

205 Saco Avenue | MLS# 1646231

This commercial property located at 205 Saco Avenue, Old Orchard Beach, ME 04064 is currently listed for sale with an asking price of $1,200,000. Search Old Orchard Beach real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Commercial - Business
Heating: Forced Air
Lot Size: 0.71 Acres
Roof Type: Shingle
Taxes: $10,220
Year Built: 1900

Feature Descriptions

Flooring: Carpet, Laminate
Sewer: Public Sewer
Water: Public

Listed By / Shown By

Listed By

Agency Name: On Point Realty
Agency Phone: 207-754-5058
Agent Name: Bethany Warde

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