* * 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!
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
York County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Apr 8, 2023.
MSRD1
Main Street Revitalization District
The commercial core district where the intent is to preserve the historic character of Biddeford while promoting the growth of businesses and residences in the district.
Permitted uses
Include but are not limited to:
Convenience store
General retail
Restaurant
Housing-Multiple units
Bed & breakfast
Hotel / motel
Office
Public service
Library
Museum / gallery
Property details
Parking
Parking Information
Parking Features: No Parking, No Driveway
Interior
Bathroom Information
# of Baths (1/2): 1
# of Baths (Full): 1
Interior Features
Flooring: Wood, Tile
Multi-Unit Information
# of Units Total: 2
# of 1 Bedroom Units: 1
# of 3 Bedroom Units: 1
Operating Expense: $15,000
Gross Income: $44,400
Unit 1 Information
# of Bedrooms: 3
Actual Rent: $2,300
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2 Information
Actual Rent: $1,400
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: No
Sewer: Yes
Water: Yes
Exterior
Building Information
Construction Materials: Wood Siding, Block, Masonry
Foundation Details: Slab
Roof: Membrane
Total Stories: 2
Total Building Area (Sq. Ft.): 2,550
Property Information
Year Built: 1900
Above-Grade Finished Area (Sq. Ft.): 2,550
Levels: Multi-Level
Lot Information
Lot Size (Sq. Ft.): $1,306.80
Lot Size (Acres): 0.03
Lot Size Source: Public Records
Lot Features: Level, Historic District, Retail Strip
Zoning: MSRD1
Financial
Tax Information
Annual Tax Amount: $3,243
Tax Year: 2022
Utilities
Utility Information
Has Heating
Heating: Forced Air, Direct Vent Furnace
Has Cooling
Cooling: Wall/Window Unit(s)
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Electric
Location
Location Information
Unparsed Address: 53 Main Street, Biddeford, ME 04005
Directions: From Saco Main St. going south across the river into Biddeford. Take right on Main St. to #53 on the left. Across from the Mill Building; next to Que Huong Restaurant
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: York County
APN: —
Home facts updated by county records on Apr 8, 2023
Around this home
Schools
John F Kennedy Memorial School
Public PreK-K • Assigned • 1.2mi
Biddeford High School
Public 8-12 • Assigned • 1.0mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Biddeford, ME • 04005
Average low and high temperatures (°F)
31
14
34
13
46
27
55
36
65
47
77
56
82
62
79
55
73
51
62
41
50
32
36
19
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Feb
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May
Jun
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Aug
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Sun exposure
In this area, properties receive around 8.6 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
8.6 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$442,000 – $536,000
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