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$750,000
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Property Description
MOTIVATED SELLER! Discover an exceptional investment opportunity just minutes from one of Maine's most popular beaches! 113-115 Saco Avenue features a beautifully maintained two-unit residential building plus a detached commercial space, ideally situated in the vibrant coastal community of Old Orchard Beach. Main Building (Two Units) Unit 1 (First Floor): 3-bedroom, 1-bath apartment renovated in 2017, featuring updated kitchen and bath, modern finishes, and a bright, open layout--perfect for year-round living or seasonal rental income. Unit 2 (Second Floor): Comfortable 2-bedroom, 1-bath apartment offering great natural light, functional layout, and excellent rental potential. Detached Commercial Building: A stand-alone commercial space currently home to a beloved local restaurant--an established business that brings steady foot traffic and neighborhood charm. Updates to the commercial space include new heat pumps, roof, and electrical panel. Highlights: Three total units: Two residential apartments + one commercial space. Flexible income property--live in one unit, rent the others, or maintain as an investment. Prime location along Saco Avenue--minutes to the beach, pier, dining, shops, and Route 1 access Ample parking for tenants, guests, and patrons Strong rental history and long-term tenant in the commercial space.
Full Property Details
Full Property Details for 113-115 Saco Ave
General
- Price: $750,000
- Taxes: $5,307 (2024)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1642237
- Updated: 3/4/2026
- Added to Site: 126 day(s) ago
Business
- Business Type: Commercial, Restaurant
Parking
- Parking Features: 5 - 10 Spaces, Paved, Off Street
Location
- County: York
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s), Heat Pump
- Heating Type: Heat Pump, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Roof: Metal
- Stories/Levels: 2
- Building Size: 2702
- Square Feet: 2,702
- Living Area: 2,702 Sq. Ft.
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,534
- Zoning: GB-2
- Lot Description: Public Transport Access, Near Turnpike/Interstate, Bus Line, Near Shopping
Financial Considerations
- Tax Amount: $5,307
- Tax Year: 2024
Disclosures and Reports
- Block: 2
- Lot Number: 10
Listed by Keller Williams Realty (207) 879-9800
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Schools
Schools serving 113-115 Saco Ave
School District:Regional School Unit 23
| Name | Grades | Distance |
|---|---|---|
Loranger Middle School 148 Saco Avenue, Old Orchard Beach, ME 04064 | 6-8 | 0.3 mi |
Jameson Elementary School 20 Jameson Hill Road, Old Orchard Beach, ME 04064 | PK-2 | 0.4 mi |
Old Orchard Beach High School 40 Emerson Cummings Boulevard, Old Orchard Beach, ME 04064 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 113-115 Saco Ave
Date
Details
Price
Change
Source
10/29/2025
Listed
$750,000
50%
MLS
11/30/2021
Sold
$500,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 113-115 Saco Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,307
6%
$487,800
11%
2023
$5,029
1%
$441,100
9%
2022
$4,963
-6%
$405,500
33%
2021
$5,280
—
$304,800
4%
2021
$5,280
16%
$294,000
—
2019
$4,557
5%
$294,000
3%
2018
$4,357
2%
$284,800
4%
2017
$4,285
2%
$272,900
—
2016
$4,219
2%
$272,900
—
2015
$4,143
2%
$272,900
—
2014
$4,061
7%
$272,900
-1%
2013
$3,789
—
$274,600
-2%
2012
$3,779
—
$281,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 113-115 Saco Ave
113-115 Saco Avenue, Old Orchard Beach, ME 04064 (MLS# 1642237) is a Commercial property. 113-115 Saco Avenue is currently listed for $750,000 and was received on October 29, 2025. Want to learn more about 113-115 Saco Avenue? Do you have questions about finding other Commercial real estate for sale in Old Orchard Beach? You can browse all Old Orchard Beach real estate or contact a Coldwell Banker agent to request more information.

