REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Realty Sales Inc
$ 1,700,000
Active
602-606 Elm ST Biddeford, ME 04005
8,182 SqFt
UPDATED:
01/08/2025 01:04 PM
Key Details
Property Type Commercial Sale
Sub Type Multi Family
Listing Status Active
Square Footage 8,182 sqft
MLS Listing ID 1605845
HOA Y/N No
Originating Board Maine Listings
Annual Tax Amount $6,402
Tax Year 2024
Lot Size 2.750 Acres
Acres 2.75
Property Sub-Type Multi Family
Property 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!
Location
State ME
County York
Zoning I1
Exterior
Parking Features 21+ Spaces, On Site, Paved
View Y/N No
Garage Yes
Garage Yes
Building
Lot Description Near Turnpike/Interstate, Business District, Industrial Park, Near Shopping
Sewer Public Sewer
Water Public
Structure Type Wood Frame
Others
Virtual Tour https://www.propertypanorama.com/instaview/mreis/1605845
