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553 Shore Road, Cape Elizabeth, ME 04107
$1,695,000
553 Shore Road, Cape Elizabeth, ME 04107View this property at 553 Shore Road, Cape Elizabeth, ME 04107
553 Shore RoadCape ElizabethME04107
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Property Description
Nestled along the prestigious Shore Road, this distinguished Georgian Colonial residence presents a versatile mixed-use opportunity. Boasting commercial space on the ground floor and two spacious apartments spanning the upper levels, this property epitomizes convenience and amazing potential. Offered as a very successful ''turn-key'' rental business, with most furnishings included, it also holds promise for diverse ventures within the BA zone. Positioned at the gateway to Cape Elizabeth, this property enjoys unrivaled prominence, surrounded by pristine beaches, scenic parks, and an array of dining, entertainment, and cultural amenities within easy walking distance. Meticulously preserving its original charm, while selectively modernizing essential features, this property seamlessly blends timeless elegance with contemporary functionality. Ideal for entrepreneurs, owner-occupiers, or those seeking to capitalize on the bustling yet idyllic coastal atmosphere, this property represents a prime investment opportunity. Excellent furnished, monthly rental income of the two residential units, combined with the presence of a first-floor commercial space and garage, underscores the significant income potential of this distinctive property. Whether establishing a business or embracing the allure of coastal living, this property promises both distinction and potential in equal measure.
Full Property Details
Full Property Details for 553 Shore Rd
General
- Price: $1,695,000
- Taxes: $7,406
- Status: Active
- Type: Commercial
- MLS ID: 1587625
- Updated: 5/19/2024
- Added to Site: 32 day(s) ago
Business
- Business Type: Commercial, Executive Suites, Hotel/Motel, Medical, Ne
Interior
- Flooring: Wood
Parking
- Parking Features: 5 - 10 Spaces, Paved, Off Street
Location
- County: Cumberland
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Steam, Heat Pump
Utilities
- Sewer: Private Sewer
- Water: Public
Structural Information
- Construction: Wood Siding, Wood Frame
- Roof: Shingle
- Building Size: 2422
- Square Feet: 2,422
- Living Area: 2,422 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,454.4
- Zoning: BA
- Lot Description: Business District, Near Shopping
Financial Considerations
- Tax Amount: $7,406
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Documents Avail.: Deed Public Access, Lead Paint Addendum Public Access, Property Disclosure Public Access, Other Public Access 1, Other Public Access 2, Other Public Access 3
- Lot Number: 6
Listed by Townsend Real Estate (207) 842-9200
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Schools
Schools serving 553 Shore Rd
School District:Cape Elizabeth School Department
Rating | Name | Grades | Distance |
---|---|---|---|
Pond Cove Elementary School
12 Scott Dyer Rd, Cape Eliz, ME 04107 | K-4 | 2.6 mi | |
Cape Elizabeth Middle School
14 Scott Dyer Rd, Cape Eliz, ME 04107 | 5-8 | 2.7 mi | |
345 Ocean House Rd, Cape Eliz, ME 04107 | 9-12 | 2.9 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 553 Shore Rd
Date
Details
Price
Change
Source
5/19/2024
Price Reduced
$1,695,000
-4.51%
MLS
5/10/2024
Price Reduced
$1,775,000
-5.33%
MLS
4/27/2024
Listed
$1,875,000
—
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 553 Shore Rd
Year
Property Taxes
Change
Tax Assessment
Change
2022
$7,011
4%
$331,500
—
2021
$6,716
2%
$331,500
—
2020
$6,603
1%
$331,500
—
2019
$6,524
3%
$331,500
—
2018
$6,305
6%
$331,500
—
2017
$5,967
3%
$331,500
—
2016
$5,815
4%
$331,500
—
2015
$5,596
—
$331,500
—
2014
$5,569
3%
$331,500
—
2013
$5,397
—
$331,500
—
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 553 Shore Rd
553 Shore Road, Cape Elizabeth, ME 04107 (MLS# 1587625) is a Commercial property. 553 Shore Road is currently listed for $1,695,000 and was received on April 27, 2024. Want to learn more about 553 Shore Road? Do you have questions about finding other Commercial real estate for sale in Cape Elizabeth? You can browse all Cape Elizabeth real estate or contact a Coldwell Banker agent to request more information.