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Listed by Bryan Plourde The Dunham Group
$1,300,000
Est. payment /mo
6,090 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,090 sqft
Price per Sqft $213
MLS Listing ID 1671576
HOA Y/N No
Year Built 1900
Tax Year 2026
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Mixed Use
Source Maine Listings
Land Area 6090
Property Description
Historic Hannaway Building features a street level commercial space with exceptional visibility and three market-rate residential apartments above.
The first floor offers highly visible retail, office, or service space fronting Main Street and is located within the MSRD1 (Main Street Revitalization District 1) zoning district, which permits a wide variety of commercial, retail, restaurant, office, medical office, personal service, and other downtown-oriented uses. While an existing commercial tenant occupies the space, the opportunity exists for
an owner-user to occupy the first floor, making this an attractive option for businesses seeking to own rather than lease their location.
The second floor consists of three renovated two-bedroom, one-bath apartments, each featuring in-unit laundry and benefiting from continued strength in Biddeford's rental market. Recent capital improvements include a newer EPDM rubber roof, heat pumps, updated flooring, renovations to the commercial space, and improvements throughout the residential units.
Offered at a 7% capitalization rate, combining dependable in-place income with
long-term appreciation potential.
The first floor offers highly visible retail, office, or service space fronting Main Street and is located within the MSRD1 (Main Street Revitalization District 1) zoning district, which permits a wide variety of commercial, retail, restaurant, office, medical office, personal service, and other downtown-oriented uses. While an existing commercial tenant occupies the space, the opportunity exists for
an owner-user to occupy the first floor, making this an attractive option for businesses seeking to own rather than lease their location.
The second floor consists of three renovated two-bedroom, one-bath apartments, each featuring in-unit laundry and benefiting from continued strength in Biddeford's rental market. Recent capital improvements include a newer EPDM rubber roof, heat pumps, updated flooring, renovations to the commercial space, and improvements throughout the residential units.
Offered at a 7% capitalization rate, combining dependable in-place income with
long-term appreciation potential.
Location
State ME
County York
Zoning MSRD1
Rooms
Basement Full, Unfinished
Interior
Heating Gas Natural, Baseboard
Cooling None
Flooring Carpet, Vinyl
Exterior
Parking Features On Street
Roof Type Flat,Tar/Gravel
Building
Lot Description Business District, Near Shopping, Retail Strip
Entry Level Multi-Level
Foundation Granite, Poured Concrete
Water Public
Others
Tax ID BIDD-000038-000000-000143
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