288 Main Street, Biddeford, ME 04005 | 1511608 | Engel & Völkers Casco Bay

288 Main Street $749,900

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    • 11-01 2:00PM-3:30PM

    288 Main Street Biddeford, ME 04005

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    $749,900

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    • 0 Beds
    • 0 Baths
    • 7,932 sq. ft.
    • Multi-Family
    • MLS# 1511608

    Open House More Info

    • 11-01 2:00PM-3:30PM
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    Property Details

    Biddeford's revival is here with Downeast Magazine naming it one of the Best Places to Live in Maine! Travel website Matador Network names Biddeford in top 25 coolest cities to visit in America. Rare offering. 7 unit mixed used investment property in the heart of Biddeford's Main St. 100% occupancy with excellent location near Main St. and Elm St.(Rt.1) intersection. Many improvements and upgrades throughout current ownership. The property has had strong demand with both the retail and residential mix. Current apartment rents range from $750 to $950. Unit mix is (3) retail storefronts, (4) residential apartments Current monthly rents are slightly under market with mostly long term tenants, so there is room for income growth. Historical vacancy has remained extremely low throughout ownership. Gross annual rents: $65,100

    • General Features
      • Location Business District,Historic District,Intown,Near Shopping,Retail Strip
      • Full Tax Amount $6,687
      • Equipment Cable,Internet Access Available
      • Amenities Deck
      • Tax Year 2020
      • Year Built 1910
      • Leased Land No
    • Building Features
      • Basement Dirt Floor, Partial, Unfinished
      • Roof Flat,Membrane,Pitched,Shingle
      • Style Multi-Level
      • Vehicle Storage Carport
      • Gas Natural - At Street
      • Floors Carpet, Laminate, Other, Vinyl
      • Heat Fuel Electric, Oil
      • Heat System Hot Water, Multi-Zones
      • Electric Circuit Breakers
      • Exterior Vinyl Siding
      • Construction Wood Frame
      • Cooling None
    • Property Features
      • Driveway Paved
      • Parking 5 - 10 Spaces
      • Water View No
      • Water Frontage No
      • Water Public
      • Site Sidewalks
      • Sewer Public Sewer
      • Roads Paved, Public

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    Neighborhood

    04005 (Biddeford) Demographics

    39 Median Age
    439 Population Density (per sq. mile)
    37% College Educated
    $55,034 Estimated Median Income
    5,032 Estimated Total Home Owners
    4,684 Estimated Total Renters
    52% / 48% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    23,486 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    17 New On Market

    Average Days on Site

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        Calculations provided by Reliance Network
        IDX Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2021 Maine Real Estate Information System, Inc. All Rights Reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.