Closed
27-33 Odessa Avenue
Old Orchard Beach ME, 04064
$2,175,000
Closed
10 Baths
6,504 sqft
Multi-family
Built in 1960
Courtesy of Vitalius Real Estate Group, LLC
*Only 28 Reggio is Pending. 27-33 Odessa is still available* This active beachfront community investment has four (4) two-unit multi-family rentals on an oversized half acre (0.58) lot and a seasonal motel sits a stone's throw from the beach on .48 acres of mostly undeveloped land - one of the last remaining plots of this kind. Each of the Odessa units has 2 beds / 1 bath and parking. The .58 acre parcel on Reggio creates even more potential for expansion. There are several obvious value-add opportunities here: increased long term rentals, seasonal short term rentals, or even a conversion into 8 individual condos. The zoning density appears to allow for up to 4 units on the Reggio Lot with conditional approval. This unique package is available for the first time in 50 years, in the center of Maine's most popular beach destination. This is an opportunity not to be missed!
1595571
MLSⓇ ID
July 8, 2024
Listed
October 15, 2024
Updated
Map
27-33 Odessa Avenue
Old Orchard Beach ME, 04064
Interior Features
Total Bathrooms
10
Full Bathrooms
9
Half Bathrooms
1
Floor Description
Wood, Vinyl, Tile
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Hot Water, Baseboard
Exterior/Building Features
Lot Size
1.06 Acres
Lot Features
Level, Open Lot, Near Turnpike/Interstate, Near Town
Architectual Style
Duplex, Ranch
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Taxes
$16,100
Tax Frequency
Annually
Garage
No
Parking
5 - 10 Spaces, Other, Off Street
View
No
County
York
Water Source
Private
Pool
No
Zoning
R-3
Listing History
Date | Event | Price |
---|---|---|
9/17/2024 | Sold | $2,175,000 |
7/29/2024 | Pending | — |
7/8/2024 | Active | — |
Listing Contact: 207-541-3755
Bought with Non MREIS Agency and Listed by Vitalius Real Estate Group, LLC
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. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Ryan Fitzgerald shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 1:19 AM UTC, 10/15/2024