Old Orchard Beach
$599,000
94 Saco Avenue
mls: 1672921
Bathrooms: 3
Year Built: 1930
Sq Footage: 2,524
Lot Size: 0.13
Taxes: $4,499
Status: Active Under Contract

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.

Listed by: Elevate Maine Realty

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.

Listed by: Elevate Maine Realty

Above Grade Finished Area
1684.00
Accessibility Features
32 - 36 Inch Doors
Appliances
Architectural Style
Cottage, Shingle
Basement
Bulkhead, Exterior Entry, Full
Bathrooms Full
2
Bathrooms Total Integer
3
Below Grade Finished Area
840.00
Body Type
Building Area Total
2524.00
Construction Materials
Wood Frame, Vinyl Siding
Cooling
None
Electric
Circuit Breakers
Exterior Features
Flooring
Carpet, Vinyl
Foundation Details
Block
Garage Spaces
1.00
Garage Yes/No
1
Green Energy Efficient
90% Efficient Furnace, Water Heater
Heating
Oil, Propane, Baseboard, Forced Air
Heating Yes/No
1
Interior Features
1st Floor Bedroom, Bathtub, Shower
Laundry Features
Lot Features
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
Lot Size Acres
0.1300
Other Equipment
Internet Access Available
Other Structures
Parking Features
Common, Paved, 5 - 10 Spaces, Detached
Patio And Porch Features
Glassed-in Porch, Porch
Pets Allowed
No Restrictions
Property Condition
Roof
Composition, Shingle
Sewer
Public Sewer
Tax Annual Amount
4499.00
Utilities
Water Source
Public
Waterfront Features
Nearby
Year Built
1930
Zoning
R-2