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192 E Grand Avenue, Old Orchard Beach, ME 04064

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For Sale

$1,550,000

5 beds • 2 baths • 3,456 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $448.50
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Outstanding opportunity to acquire one of the last remaining, Prime development parcels on East Grand Avenue, with substantive road frontage & private, gated Deeded ROW leading directly onto the sands of 7 miles of some of the most beloved pristine Beaches in Southern Maine spanning Pine Point, Surfside, Old Orchard, Ocean Park, Ferry & Camp Ellis. Use existing footprints & reconstruct present structures to maximize use of the almost half Acre parcel or start fresh to create one of many development possibilities given the unique BRD Commercial/Residential Zoning. Ultimate Beach retreat to cluster of exclusive getaways to commercial venture - the possibilities with this property, which has been the loving Oceanside home of the same family since the 1920s - are literally endless. NOTE: Buyers to perform all due diligence where property being sold 'as is'. Total square footage is approximate. Buyer to consult Town for maximum footprint allowance. Lot is .43 Acres/18730 sq ft.. Minimum lot size in BRD zone is 10,000 sq. ft. per lot. Minimum lot area per family unit is 3,750 sq. ft. This may allow 4 family units (maybe 5) on a single Lot depending on design. In addition to BRD Zoning, Lot is within the Limited Commercial Shoreland Zoning District. This may not have a significant impact to a proposal for redevelopment except for possible small area in Southwest corner of the Lot, but Shoreland regulations to be reviewed to definitively determine applicability. Lot is furthermore within Back Dune designation. Accordingly, DEP permitting is applicable/development will require DEP review to consider impervious surface, height etc Property is in the AE zone with a base flood elevation of 9' (EL 9).BRD Zoning District allows commercial and residential uses (see Documents for permitted & conditional uses) Cash financing required
MLS# 1605185

Courtesy Of Keller Williams Realty
Keller Williams Realty, Portland, ME 04102
(207) 879-9800

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Exterior Type
    Wood Siding
  • Heating System
    Space Heater
  • Lot Size
    0.43 Acres
  • Rooms
    Dining Room, Kitchen, Living Room

Map and Directions

Directions to 192 E Grand Avenue, Old Orchard Beach, ME 04064

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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