6 Union Avenue

Description

Rare beachside commercial and residential property with income from 4 apartments up to 8 apartment units (as per the Town). Also rentable as 16 individual bedrooms (as per the Town) utilizing 9 bathrooms and 5 kitchens . Located steps from the beach and the Atlantic Ocean, this is a fabulous 3 story beach house with attached 2 unit carriage house, and classic porch with rockers, all with water views. Flexible rental configurations maximize income. Perfect for investors with its successful AirBnB history, and its first floor commercial space to lease to a tenant or use to add to the strong AirBnB income. 6 Union Avenue would also be an ideal family compound to occupy while having income from the carriage house or rooms on upper floors in the main house. Not to be overlooked is converting the property to a grand private residence. The property is the third building from the beach on Union Avenue - the second busiest street in Old Orchard Beach. So much opportunity for pure investors, or for quality of life while living at the beach and making money. Comprised of a three story house, two unit carriage house and garage/surf shop. Built in 1910 with significant upgrades, including being fully sprinklered. Noted as a four to eight unit per the Town , and is licensed by the Town for 16 units. Has had successful first floor commercial users such as restaurant and surf shop. Part of the first floor is currently used for the owner's dwelling and can be easily converted to a restaurant or retail. Additionally the first floor is now a retail surf shop selling attire, and offering surf camps, classes and board rentals - employing the garage as a surf shack for storage and board rentals. Upper floors, and the carriage house, are used for seasonal rentals via AirBnB. Has 9 or 10 onsite parking spaces which could accomodate outside dining/beverages. Walking distance to restaurants, cafes, The Pier, Palace Playland, other entertainment & public transportation