602-606 Elm Street Biddeford, ME

$1,700,000
Square Footage 8,182
Acres 2.75
Photo of 602-606 Elm Street Biddeford ME 04005




Description

ROUTE ONE INVESTMENT PROPERTY SITUATED ON A 2.75 ACRE CORNER LOT. LOCATION,LOCATION,LOCATION! Current use is a single family home with two separate apartment buildings totaling 4 units with 5 garages. The I1 zone allows for just about any use you can think of from hotels, restaurants, contractor storage yards, storage units, warehouse, car wash, bank, all phases of marijuana, retail, office, wholesale, manufacturing, municipal use, bulk oil & more. The large backyard has plenty of room to add another building or buildings if someone wanted to keep the existing buildings & income and add further development to the property. Another driveway could potentially be added on Drapeau Street which is the abutting road of this corner lot property. Highly visible location with a high traffic count and only 1 mile to Interstate 95 and 20 minutes to Portland. Complete list of zoning uses are in the attachment section. Apartment rentals are way below market rates. ALL TENANTS ARE TENANTS AT WILL!


Listed by Realty Sales Inc, David Trottier 207-252-7474

Details

MLS 1605845
Status Active
Price $1,700,000
DOM 71 days
Type Commercial
Square Feet 8,182 sqft
Lot Size 2.75 acres
Taxes Paid $6,402

Lot & Building Features

Tax Year 2024
Taxes Paid $6,402

Map

Get Directions

Financing

$
20%
0.37658823529412%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


Browse By Area