205 Saco Avenue, Old Orchard Beach, ME 04064 (MLS # 1646231)

PRICE $1,200,000 SIZE 5,817 sqft LOT SIZE 30,928 sqft Request More Info Schedule a Showing

Well-known in the community as Norman's Hotel, this high-visibility property offers a rare grandfathered-in building footprint with the legal right to rebuild the entire existing structure within current setbacks"”a powerful redevelopment advantage in Old Orchard Beach. Prominently positioned with road frontage on two sides, the site benefits from exceptional exposure, accessibility, and traffic counts. The existing motel consists of 28 efficiency-style units, most equipped with kitchenettes, plus two residential apartments: Apartment #1 offers 3 bedrooms and 1 bath, and Apartment #2 offers 1 bedroom and 1 bath. Zoning allows for up to six total residential units, opening the door to multiple redevelopment or repositioning strategies, including condominium conversion, boutique micro-hotel, short-term rental concept, or other creative uses subject to town approvals. An additional rear lot provides potential expansion opportunities, further enhancing long-term upside. This is a true rebuild, redesign, reimagine opportunity in one of Old Orchard's most visible corridors"”ideal for developers, investors, and visionaries seeking a property with built-in entitlements and meaningful future flexibility.