602-606 Elm

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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!

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Price:
$1,500,000
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Address: 602-606 Elm StreetCity: Biddeford
State: MEBuilding Area Total: 8182

Home Features

Construction Materials: Wood FrameLot Size Square Feet: 119790
Parking Features: 21+ Spaces, On Site, PavedSewer: Private Sewer
Water Source: PublicList Office Name: Realty Sales Inc

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