Current Price:$725,000List Date:10/29/2025Last Modified:3/25/2026
Description
MOTIVATED SELLER! Discover an exceptional investment opportunity just minutes from one of Maine's most popular beaches! 113-115 Saco Avenue features a beautifully maintained two-unit residential building plus a detached commercial space, ideally situated in the vibrant coastal community of Old Orchard Beach.
Main Building (Two Units)
Unit 1 (First Floor): 3-bedroom, 1-bath apartment renovated in 2017, featuring updated kitchen and bath, modern finishes, and a bright, open layout--perfect for year-round living or seasonal rental income.
Unit 2 (Second Floor): Comfortable 2-bedroom, 1-bath apartment offering great natural light, functional layout, and excellent rental potential.
Detached Commercial Building: A stand-alone commercial space currently home to a beloved local restaurant--an established business that brings steady foot traffic and neighborhood charm. Updates to the commercial space include new heat pumps, roof, and electrical panel.
Highlights:
Three total units: Two residential apartments + one commercial space.
Flexible income property--live in one unit, rent the others, or maintain as an investment.
Prime location along Saco Avenue--minutes to the beach, pier, dining, shops, and Route 1 access
Ample parking for tenants, guests, and patrons
Strong rental history and long-term tenant in the commercial space.
Location: Bus Line; Near Shopping; Near Turnpike/Interstate; Public Transport AccessLevels: Multi-LevelProperty Uses: Commercial; RestaurantBasement: Bulkhead; UnfinishedRoof: MetalHeat System: Baseboard; Heat PumpHeat Fuel: PropaneCooling: Heat Pump; Window Unit(s)Parking: 5 - 10 Spaces; Off Street; PavedElectric: Circuit BreakersSewer: Public SewerWater: Public