53 Main Street, Biddeford, ME 04005
$425,000
Property Type:
Multi-Family
Baths:
2
Square Footage:
2,550
Lot Size (sq. ft.):
1,307
Status:
Closed
Current Price:
$425,000
List Date:
12/16/2023
Last Modified:
1/23/2024
Description
** BACK ON MARKET! AT NO FAULT OF THE SELLERS**
Updates have been completed since original listing, and building now fully vacant!
Discover an exceptional investment opportunity in the bustling heart of downtown Biddeford. This distinctive mixed-use building perfectly combines commercial potential with residential charm, offering a myriad of possibilities for investors, business owners, and rental income seekers.
Commercial Space: The ground floor features a spacious mixed use space that once housed Villari's Dojo and more recently served as a record store. With an open layout and ample space, this commercial area presents an enticing canvas for entrepreneurs to realize their creative visions. With plenty of space for storage - providing practicality and convenience for business operations.
Residential Haven: Upstairs, a private entrance leads to a 3-bedroom, 1-bathroom apartment spanning 1275 square feet. This charming living space is thoughtfully designed, with an open layout that seamlessly connects the living and kitchen areas creating an inviting and comfortable atmosphere. The apartment's separate entrances ensures privacy and convenience for residents. This also presents an excellent opportunity for generating steady rental income. Its appealing layout and convenient location make it an attractive option for potential tenants.
Investors can maximize returns by leasing both the commercial space and the residential apartment. This unique setup offers the advantage of diversifying income sources. Entrepreneurs have the chance to establish a thriving venture in a prime downtown location. With foot traffic and visibility, the commercial space is poised to become a hotspot for a variety of businesses.
Don't miss out on this exceptional mixed-use building in the heart of downtown Biddeford. This building is a prime opportunity that can only be of worth for its next owners!
Supplements: ********
More Information MLS# 1569000
Location Information
Street #: 53
Street Name: Main
Street Type: Street
County: York
Town: Biddeford
State/Province: ME
Zip Code: 04005
Zip +4: 2669
Leased Land: No
Book: 15012
Page: 584
Map: 39
Lot: 76
Zoning: MSRD1
Zoning Overlay: No
Association: No
Full Tax Amount $: 3243
Tax Year: 2022
Geo Lat: 43.492456
Geo Lon: -70.451988
Contract Information
Status: Closed
Original List Price: 399999
Sold Price: $425,000
Current Price: $425,000
Property Information
Surveyed: No
Seasonal: No
Number of Units: 2
Total Baths: 2
Total Full Baths: 1
Total Half Baths: 1
Year Built: 1900
SqFt Finished Above Grade: 2550
SqFt Finished Total: 2550
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.03
Source of Acreage: Public Records
Compensation & Misc Info
Buyer Agency: 3
Buyer Agency Type: %
Status Change Info
Pending Date: 2023-12-20
Closed Date: 2024-01-23
Closed Price: 425000
Water Info
Water Frontage: No
Water View: No
Building Info
# Floors: 2
# Heating Units: 2
Income & Expenses
Gross Income: 44400
Operating Expenses: 15000
Units
# of 1 BD Units: 1
# of 3 BD Units: 1
Unit 1
Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1400
# of Half Baths: 1
# of Rooms: 5
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: No
Refrigerator: No
Sewer: Yes
Water: Yes
Unit 2
Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 2300
# Full Baths: 1
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Utilities
Utilities On: Yes
Property Features
Site: Level
Location: Business District; Historic District; Retail Strip
Roads: Public
Style: Multi-Level
Construction: Masonry
Basement: Slab
Basement Entry: Not Applicable
Foundation Materials: Slab
Exterior: Block; Wood Siding
Roof: Membrane
Heat System: Direct Vent Furnace; Forced Air
Heat Fuel: Propane
Water Heater: Electric
Cooling: A/C Units
Floors: Other; Tile; Wood
Driveway: No Driveway
Parking: No Parking
Vehicle Storage: No Vehicle Storage
Electric: Circuit Breakers
Gas: Bottled
Sewer: Public Sewer
Water: Public
Documents
Listing Office: Landing Real Estate
Last Updated: January - 23 - 2024
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.