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$1,700,000
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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!
Full Property Details
Full Property Details for 602-606 Elm St
General
- Price: $1,700,000
- Taxes: $6,402 (2024)
- Status: Active
- Type: Commercial Multi-Family
- Source: MREIS
- MLS ID: 1605845
- Updated: 10/4/2024
- Added to Site: 34 day(s) ago
Business
- Business Type: Bar/Tavern/Lounge, Car Wash, Commercial, Hotel/Motel,
Parking
- Garage: Yes
- Parking Features: 21 or More Spaces, On-Site Parking, Paved
Location
- County: York
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Wood Frame
- Building Size: 8182
- Square Feet: 8,182
- Living Area: 8,182 Sq. Ft.
Lot Features
- Lot Size (Acres): 2.75
- Lot Size (Sq. Ft.): 119,790
- Zoning: I1
- Lot Description: Near Turnpike/Interstate, Business District, Industrial Park, Near Shopping
Financial Considerations
- Tax Amount: $6,402
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 1
Listed by Realty Sales Inc (207) 252-7474
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Schools
Schools serving 602-606 Elm St
School District:Biddeford School Department
Rating | Name | Grades | Distance |
---|---|---|---|
Biddeford Primary School
320 Hill St, Biddeford, ME 04005 | 1-3 | 1.2 mi | |
335 Hill St, Biddeford, ME 04005 | 4-5 | 1.3 mi | |
John F. Kennedy Memorial School
64 West St, Biddeford, ME 04005 | PK-K | 1.6 mi | |
25 Tiger Way, Biddeford, ME 04005 | 6-8 | 1.4 mi | |
20 Maplewood Ave, Biddeford, ME 04005 | 9-12 | 2.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 602-606 Elm St
Date
Details
Price
Change
Source
10/04/2024
Listed
$1,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 602-606 Elm St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,731
-6%
$513,000
18%
2022
$7,161
13%
$436,400
17%
2021
$6,348
—
$373,200
15%
2021
$6,348
-2%
$324,600
—
2019
$6,486
1%
$324,600
—
2018
$6,395
5%
$324,600
7%
2017
$6,113
1%
$304,600
—
2016
$6,049
2%
$304,600
—
2015
$5,931
3%
$304,600
—
2014
$5,784
-14%
$304,600
-21%
2013
$6,723
—
$383,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 602-606 Elm St
602-606 Elm Street, Biddeford, ME 04005 (MLS# 1605845) is a Commercial Multi-Family property. 602-606 Elm Street is currently listed for $1,700,000 and was received on October 04, 2024. Want to learn more about 602-606 Elm Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Biddeford? You can browse all Biddeford real estate or contact a Coldwell Banker agent to request more information.