27-33 Odessa Avenue
Old Orchard Beach
Closed Multi-Family MLS# 1595571
  • 10Baths
  • 9Units
  • 6,504SqFt
  • $2,175,000 Price
  • Type: Multi-Family
  • 10 Baths
  • 9 Units
  • Year Built: 1960
  • 6,504 SqFt
  • 1.06 Acres

*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!

  • Style Duplex, Ranch
  • Year Built 1960
  • Lot Size 1.06 acres
  • SQFT Finished Above Grade 6504
  • County York
  • City Old Orchard Beach
  • Zone R-3
  • Location Near Town, Near Turnpike/Interstate
  • Water Frontage No
  • Seasonal Yes
  • Full Tax Amount $16,100.00
  • Tax Year 2023
  • Association Fee $0.00
  • Total Units 9
  • Baths Total 10
  • Baths Full 9
  • Baths Half 1
  • Basement Full, Unfinished
  • Construction Wood Frame
  • Exterior Shingle Siding
  • Basement Full, Unfinished
  • Roof Shingle
  • Floors Tile, Vinyl, Wood
  • Heat System Baseboard, Hot Water
  • Heat Fuel Oil
  • Gas No Gas
  • Water Heater Off Heating System
  • Electric No
  • Water Yes
  • Waste Water Disposal Yes
  • Driveway Other
  • Parking 5 - 10 Spaces, Off Street
  • Roads Paved, Public
Listed By:
Vitalius Real Estate Group, LLC
Sold By:
Non MREIS Agency