53 Main Street, Biddeford, ME 04005 (MLS# 1569000)

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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
Listing Office: Landing Real Estate
Last Updated: January - 23 - 2024
53 Main Street, Biddeford, ME 04005- MLS# 1569000
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