57 E Grand Avenue, Old Orchard Beach, ME, 04064
About This Home
Outstanding opportunity to own a centrally located, turn-key biz /Old Orchard Beach Landmark within walking distance of downtown attractions, yet steps to 7 miles of the most beloved Beaches in Maine with Pine Point, Ocean Park, Camp Ellis, Ferry Beach -all- nearby. Currently being used as mixed-use street level retail providing on-the-go groceries, snacks, ice cream & liquor & everything needed for the perfect beach vacation, with the expansive second floor boasting 5 bed/4BA/2 kitchens & ocean views - the property - sitting squarely in the optimal DD-2 Zoning - presents endless opportunities for varied & robust investment return, whether via re development, condo conversion, residential, continued retail use or combined retail/rental revenue streams. A must see, Oceanside resort investment opp regardless of ultimate future direction!
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1915
Materials
- Foundation: Other
- Roof: Other
- Construction materials: Wood Frame,Other
Type & Style
- Home type: SingleFamily
- Architectural style: Other
- Property subType: Single Family Residence
Interior
Basement
- Basement: None
Bedroom1
- Level: Second
Bedroom2
- Level: Second
Bedroom3
- Level: Second
Bedroom4
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Features
- Flooring: Other
- Finished area below ground: 0
- Finished area above ground: 3,020
Heating & Cooling
- Heating features: Other
- Cooling features: None
Interior Area
- Total structure area: 3,020
- Total interior livable area: 3,020 sqft
Kitchen
- Level: Second
Laundry
- Level: Second
Living Room
- Level: Second
Mud Room
- Level: First
Property
Details
- Parcel number: OOBHM305B5L3
- Zoning: DD-2
Features
- Waterbody name: Atlantic Ocean
Lot
- Lot size: 3,484 sqft
- Features: Business District,Sidewalks
Parking
- Parking features: Paved,1 - 4 Spaces,On Site
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Ice Storm
- Hurricane
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Maine Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $12,641 | $151,692 |
| Home Insurance | $398 | $4,776 |
| Property Taxes | $2,129 | $25,548 |
| Electricity | $438 | $5,267 |
| Total | $15,606 | $187,272 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-10-22 | Listed for sale | $2,499,990 |
| 2020-12-30 | Sold | $306,000 |
For Sale by Agent
View on Zillow