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136 W Grand Ave - The Concorde Motel 12,306 SF Hospitality Building Offered at $4,375,136 CAD in Old Orchard Beach, ME 04064
Investment Highlights
- Estate Sale opportunity.
- Three Abutting Buildings
- 16-unit, well-maintained motel directly across from the ocean.
Executive Summary
Estate Sale. The Concorde Motel is a 16 unit motel with a beautiful contemporary owners home offering 3,486 SF of living space (3 bedrooms, 4 full baths). This well established motel is in good condition and has always been very well maintained. The ocean is directly across the street. This property consists of 3 abutting buildings. Building #1 is the owners home with a motel office & inground pool for the guests (3,486 SF). Building #2 offers 12 Motel units (3,970 SF). Building #3 offers 4 townhouse apartments each offering two bedrooms & 1.5 baths (4,850 SF). The owners home can also offer added rental income for the right investor as each bedroom has it's own full bathroom ( Air BNB). Abundant parking for all the rental units. MUST SEE PROPERTY!
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,375,136 CAD | Lot Size | 0.50 AC |
| Price Per Room | $273,446 CAD | Building Size | 12,306 SF |
| Sale Type | Investment | No. Rooms | 16 |
| Sale Condition | Business Value Included | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1987 |
| Zoning | R-3 - R-3 | ||
| Price | $4,375,136 CAD |
| Price Per Room | $273,446 CAD |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Lot Size | 0.50 AC |
| Building Size | 12,306 SF |
| No. Rooms | 16 |
| No. Stories | 2 |
| Year Built | 1987 |
| Zoning | R-3 - R-3 |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 16 | - | - |
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136 W Grand Ave - The Concorde Motel
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