113-115 Saco Avenue

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113-115 Saco Avenue

Old Orchard Beach, ME 04064
Asking Price
$725K
Cap Rate
8.26%
Asset Type
Apartment Building Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail and apartment building located at 113-115 Saco Avenue
  • Offered for sale with an asking price of 725,000 dollars
  • Current asset performance reflects an 8.26 percent capitalization rate
  • Property features recent updates to the building infrastructure
  • Mixed-use configuration provides versatile income potential for investors

What's Special

This retail and apartment building in Old Orchard Beach, Maine, presents a functional investment prospect within a recognized coastal destination. Situated at 113-115 Saco Avenue, the property benefits from the consistent seasonal activity and local commerce characteristic of this popular Atlantic resort town. The current configuration supports a mixed-use setup, allowing for diversified income streams through both commercial storefront space and residential units. Recent updates to the facility contribute to its overall operational condition, positioning the asset for immediate use by an owner-occupier or an investor looking to capitalize on the regional demand for housing and small-scale commercial space. Old Orchard Beach maintains a steady appeal for both vacationers and year-round residents, providing a supportive environment for retail businesses and rental properties alike. This location offers direct access to local infrastructure, making it a viable consideration for those seeking to maintain a foothold in the York County real estate market.

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NOI
$80,000
Cap Rate
11.03%
DSCR
1.86
Strong
Cash-on-Cash
16.99%
Monthly Payment
$3,586.904
Annual Cash Flow
$36,957.147

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