602-606 Elm Street Biddeford, ME
$1,700,000
Square Footage 8,182
Acres 2.75
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 $6,402
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Financing
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6.75%
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$
$
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.