Great Island Realty

192 E Grand AvenueOld Orchard Beach, ME 04064Price: $1,550,000

  • Price: $1,550,000
  • Est. Mortgage of $/month
  • 44 Days on Market
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Federal 30-year interest rate: 6.79% last updated on Nov 7, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,550,000List Price
  • 5Bedrooms
  • 2Bathrooms
  • 0.43Acreage
  • 3,456Square Feet
Listed by Cristina Eugen of Keller Williams Realty
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Outstanding opportunity to acquire one of the last remaining, Prime development parcels on East Grand Avenue, with substantive road frontage & private, gated Deeded ROW leading directly onto the sands of 7 miles of some of the most beloved pristine Beaches in Southern Maine spanning Pine Point, Surfside, Old Orchard, Ocean Park, Ferry & Camp Ellis. Use existing footprints & reconstruct present structures to maximize use of the almost half Acre parcel or start fresh to create one of many development possibilities given the unique BRD Commercial/Residential Zoning. Ultimate Beach retreat to cluster of exclusive getaways to commercial venture - the possibilities with this property, which has been the loving Oceanside home of the same family since the 1920s - are literally endless. NOTE: Buyers to perform all due diligence where property being sold 'as is'. Total square footage is approximate. Buyer to consult Town for maximum footprint allowance. Lot is .43 Acres/18730 sq ft.. Minimum lot size in BRD zone is 10,000 sq. ft. per lot. Minimum lot area per family unit is 3,750 sq. ft. This may allow 4 family units (maybe 5) on a single Lot depending on design. In addition to BRD Zoning, Lot is within the Limited Commercial Shoreland Zoning District. This may not have a significant impact to a proposal for redevelopment except for possible small area in Southwest corner of the Lot, but Shoreland regulations to be reviewed to definitively determine applicability. Lot is furthermore within Back Dune designation. Accordingly, DEP permitting is applicable/development will require DEP review to consider impervious surface, height etc Property is in the AE zone with a base flood elevation of 9' (EL 9).BRD Zoning District allows commercial and residential uses (see Documents for permitted & conditional uses) Cash financing required

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Great Island Realty participates in ©2024 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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