$1,700,000

Est. Mortgage $0/mo *

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602-606 Elm Street, Biddeford, ME, 04005

602-606 Elm Street, Biddeford, ME, 04005
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8,182 sqft

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!

Status:

Active

Type:

Commercial

Zoning:

I1

Parking:

21+ Spaces, On Site, Paved

Acreage:

2.75

Est. Taxes:

$6,402

Construction

Wood Frame

Lot Description:

Near Turnpike/Interstate, Business District, Industrial Park, Near Shopping

MLS #:

1605845

Community Info

School Info

Walk Score

Mass Transit

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Listing courtesy of Realty Sales Inc