$ 599,000
-
$599,000
Price -
0
Bed -
3
Bath -
2,524
SqFt
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About the Listing 3572 - 021534
Turnkey Mixed-Use Investment Opportunity in the Heart of Old Orchard Beach! Welcome to 94 Saco Avenue, a fully furnished, income-producing mixed-use property just a 10-minute walk to the iconic Old Orchard Beach Pier, seven miles of sandy beach, restaurants, shopping, and entertainment. Whether you're expanding your investment portfolio, operating a successful short-term rental business, or taking advantage of the commercial zoning, this property offers immediate cash flow and exceptional versatility. This well-maintained two-unit property features a 3-bedroom, 1.5-bath first-floor unit with in-unit laundry, a newly rebuilt and insulated enclosed porch currently configured with two additional Airbnb beds, and six dedicated parking spaces. The unit is nearly fully booked for the current Airbnb season with a proven rental history. The second-floor unit offers 2 bedrooms, 1 bath, and two dedicated parking spaces. It is also nearly fully booked for the summer before transitioning to a signed winter lease through May 2027, providing reliable year-round income. The property is being sold fully furnished and stocked with Airbnb essentials, making it truly turnkey. The surveillance camera system conveys, allowing a seamless transition for continued short-term rental management. Income and expense statements are available for qualified buyers. Commercial Mixed-Use zoning offers additional value with a detached garage that could be converted into a workshop, studio, office, or retail space (subject to local approvals). An existing leased business sign at the front of the property provides an additional passive income stream. Recent updates include a new roof (2024), new siding and windows (2025), a rebuilt insulated porch, newer appliances, and more (see documents for complete list). Priced at $599,000, this rare coastal investment offers multiple income streams, commercial flexibility, proven rental performance.
Listing Highlights
Status
Active
Days on Site
5
Property Type
Multi-Family
MLS ®
1672921
Year Built
1930
Total Square Footage
2,524
Lot/Acreage
0.13
County
York
Interior Details
- Bedrooms: 0
- Bathrooms: 2 Full
- Appliances: Internet Access Available
- Air Cond:
- Heating: Oil,Propane,Baseboard,Forced Air
- Fireplaces:
- Floor: Carpet,Vinyl
- Above Ground Sq Ft: 1684
- Below Ground Sq Ft: 840
- Basement: Bulkhead,Exterior Entry,Full
- Other: 1st Floor Bedroom,Bathtub,Shower
- Water: Public
Exterior Details
- Lot Description: Intown,Near Country Club,Near Golf Course,Near Public Beach,Near Shopping,Near Turnpike/Interstate,Near Town,Neighborhood,Near Railroad,Corner Lot,Level,Open Lot,Sidewalks,Near Public Transit
- Garage Capacity: 1 car
- Zoning: R-2
- Roof: Composition,Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: Common,Paved,5 - 10 Spaces,Detached
Financial Details
- Tax Amount: $4,499
- Taxes w/Assessments: N/A
- Tax/Property ID: OOBH-000206-000005-000010
- Tax Year: 2024
Payment Calculator
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Questions About..
94 Saco Ave Old Orchard Beach, ME 04064
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