Old Orchard Beach, Maine: A Premier Destination for Commercial Real Estate

Introduction

Old Orchard Beach, Maine, is not only a renowned summer destination but also a burgeoning hub for commercial real estate (CRE) investors and developers. With a population of approximately 8,800 residents, this coastal town offers unique opportunities in the CRE market, driven by its thriving tourism industry and strategic coastal location. The city's economy is primarily bolstered by hospitality, retail, and service sectors, making it a compelling choice for retail and mixed-use developments.

Economic and Industry Overview

Old Orchard Beach's economy is heavily influenced by its tourism industry, which brings thousands of visitors annually. This influx drives demand for retail spaces, hotels, and restaurants, creating a vibrant commercial real estate market. The town's local government, in collaboration with regional economic development agencies, continually seeks to enhance business opportunities, making it a fertile ground for CRE investments.

Strategic Location and Transportation Infrastructure

Old Orchard Beach is strategically positioned with easy access to major transportation routes. It is connected by the I-95 highway, providing seamless connectivity to larger markets such as Portland and Boston. The nearby Portland International Jetport (PWM) and the Amtrak Downeaster rail service further enhance its logistical appeal, facilitating the movement of goods and people. Maine DOT provides comprehensive transportation information.

Commercial Real Estate Inventory & Zoning

The town's commercial real estate is diverse, with significant opportunities in retail, office, and hospitality sectors. The central business district (CBD) and beachfront areas are prime locations for retail and mixed-use developments. Recent zoning changes have introduced incentives for developers, particularly in the form of tax breaks and streamlined permitting processes. For more details, see the Old Orchard Beach Zoning Map.

Major Employers and Institutions

While Old Orchard Beach is primarily a tourist destination, it hosts several significant employers in the hospitality sector, including hotels and restaurants. The town also benefits from its proximity to educational institutions such as the University of Southern Maine, which contributes to the local economy and CRE demand.

Notable Commercial Developments & Projects

Several large-scale projects are underway in Old Orchard Beach, including mixed-use developments that combine retail, residential, and office spaces. The town is also part of an Opportunity Zone, encouraging investment through tax incentives. Details on these projects can be found via the Old Orchard Beach Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Old Orchard Beach offers a range of resources to facilitate projects. Key links include the Building and Safety Department, the Permitting Portal, and the GIS Parcel Viewer. These tools provide essential information for navigating the town’s development landscape.

Market Data & Economic Reports

Public data sets, such as those from census.gov and the town’s Open Data Portal, offer valuable insights into Old Orchard Beach's economic landscape. Brevitas utilizes AI-powered aggregation of public data and internal insights to provide comprehensive market analyses. Explore Brevitas-powered dashboards for Old Orchard Beach here.

Why Use Brevitas for Old Orchard Beach, Maine CRE?

Brevitas offers a cutting-edge platform for discovering commercial real estate in Old Orchard Beach. With AI-driven CRE discovery, real-time market alerts, and smart property pages, Brevitas stands out as the premier marketplace for CRE professionals. Our features include:

• Auto-generated listing pages
• Integrated email and landing page tools
• Collaboration with brokers and developers
• Exclusive listings and premium exposure

Brevitas is committed to elevating your CRE experience in Old Orchard Beach, Maine.