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288 Main Street

Biddeford, ME 04005
  • $749,900
  • STATUS: Active
  • MLS #: 1511823
$749,900
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,128
    SQFT
Neighborhood:
Type:
Commercial-Lease
Built:
1910
County:
Area:

School Ratings & Info

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Description

Biddeford's revival is here with Downeast Magazine naming it one of the Best Places to Live in Maine! Travel website Matador Network names Biddeford in top 25 coolest cities to visit in America. Rare offering. 7 unit mixed used investment property in the heart of Biddeford's Main St. 100% occupancy with excellent location near Main St. and Elm St.(Rt.1) intersection. One apartment monthly rent is paid thru June 2022, to be credited to buyer at closing! Many improvements and upgrades throughout current ownership. The property has had strong demand with both the retail and residential mix. Current apartment rents range from $750 to $950. Unit mix is (3) retail storefronts, (4) residential apartments Current monthly rents are slightly under market with mostly long term tenants, so there is room for income growth. Historical vacancy has remained extremely low throughout ownership. Gross annual rents: $65,100

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2022 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2022-01-17T23:47:21.06.
www.linscottrealestate.com/homes/122318709
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288 Main Street Biddeford, ME 04005

  • Price: $749,900
  • Status: Active
  • On Site: Days
  • MLS #: 1511823
0
Beds
0
Baths
0
½ Baths
0.12
Acres
8,128
SQFT
$92
$/SQFT
1910
Built
Neighborhood:
Biddeford
County:
York
Area:
Biddeford
Property Description
Biddeford's revival is here with Downeast Magazine naming it one of the Best Places to Live in Maine! Travel website Matador Network names Biddeford in top 25 coolest cities to visit in America. Rare offering. 7 unit mixed used investment property in the heart of Biddeford's Main St. 100% occupancy with excellent location near Main St. and Elm St.(Rt.1) intersection. One apartment monthly rent is paid thru June 2022, to be credited to buyer at closing! Many improvements and upgrades throughout current ownership. The property has had strong demand with both the retail and residential mix. Current apartment rents range from $750 to $950. Unit mix is (3) retail storefronts, (4) residential apartments Current monthly rents are slightly under market with mostly long term tenants, so there is room for income growth. Historical vacancy has remained extremely low throughout ownership. Gross annual rents: $65,100
Exterior Features

Construction Wood Frame Exterior Vinyl Siding Parking 5 - 10 Spaces Roof FlatMembranePitchedShingle

Interior Features

Basement Dirt FloorPartialUnfinished Cooling None Gas Unknown Heat Fuel ElectricOil Heat System BaseboardHot WaterMulti-Zones

Property Features

Electric Circuit Breakers Full Tax Amount Amount 6687.00 Leased Land No Leases Yes Location Historic DistrictRetail Strip Property Uses Retail Sewer Public Sewer Surveyed Unknown Tax Year 2020 Water Public Zoning Msrd1 Zoning Overlay Unknown

Listing provided courtesy of Www.Homezu.Com.

© 2022 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2022 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2022-01-17T23:47:21.06.
 
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Linscott Real Estate
22 Cottage Road
South Portland ME, 04106
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