113-115 Saco Avenue, Old Orchard Beach, ME 04064

$725,000
Property Type: Commercial Square Footage: 2,702 Lot Size (sq. ft.): 6,534 Status: Active
Current Price: $725,000 List Date: 10/29/2025 Last 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.

Supplements: ********

More Information MLS# 1642237

Location Information

Street #: 113-115 Street Name: Saco Street Type: Avenue County: York Town: Old Orchard Beach State/Province: ME Zip Code: 04064 Zip +4: 1840 Leased Land: No Book: 18885 Page: 388 Map: 311 Block: 2 Lot: 10 Zoning: GB-2 Full Tax Amount $: 5307 Tax Year: 2024 Tree Growth Y/N: No Association Y/N: No Geo Lat: 43.513983 Geo Lon: -70.38759

Contract Information

Status: Active Original List Price: 750000 List Price: $725,000 Current Price: $725,000

Property Information

Primary Use: Mixed Use Surveyed: Unknown Deed/Conveyance Type Offered: Warranty Deed: All Bank Owned REO: No Year Built: 1920 Tenancy: Multiple Tenants Leases: Yes Total # Floors: 2 SqFt Finished Total: 2702 Lot Size Acres +/-: 0.15

Property Features

Location: Bus Line; Near Shopping; Near Turnpike/Interstate; Public Transport Access Levels: Multi-Level Property Uses: Commercial; Restaurant Basement: Bulkhead; Unfinished Roof: Metal Heat System: Baseboard; Heat Pump Heat Fuel: Propane Cooling: Heat Pump; Window Unit(s) Parking: 5 - 10 Spaces; Off Street; Paved Electric: Circuit Breakers Sewer: Public Sewer Water: Public
Listing Office: Keller Williams Realty
Last Updated: March - 25 - 2026
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

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