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553 Shore Road, Cape Elizabeth, ME 04107

$1,775,000
Property Type: Commercial Square Footage: 2,422 Lot Size (sq. ft.): 10,454 Status: Active
Current Price: $1,775,000 List Date: 4/27/2024 Last Modified: 5/10/2024

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.

Supplements: ********

More Information MLS# 1587625

Location Information

Street #: 553 Street Name: Shore Street Type: Road County: Cumberland Town: Cape Elizabeth State/Province: ME Zip Code: 04107 Zip +4: 1010 Leased Land: No Book: 32718 Page: 241 Map: U01 Lot: 6 Zoning: BA Zoning Overlay: Unknown Full Tax Amount $: 7406 Association Y/N: No Geo Lat: 43.633213 Geo Lon: -70.226725

Contract Information

Status: Active Original List Price: 1875000 List Price: $1,775,000 Current Price: $1,775,000

Property Information

Primary Use: Mixed Use Surveyed: Unknown Year Built: 1900 SqFt Finished Total: 2422 Lot Size Acres +/-: 0.24

Compensation & Misc Info

Buyer Agency: 2 Buyer Agency Type: %

Property Features

Location: Business District; Near Shopping Recreational Water: Nearby Construction: Wood Frame Property Uses: Bed and Breakfast; Commercial; Executive Suites; Hotel/Motel; Medical; Neighborhood Center; Office Building; Other; Restaurant; Retail Basement: Full Foundation Materials: Stone Exterior: Wood Siding Roof: Shingle Heat System: Heat Pump; Steam Heat Fuel: Oil Cooling: Heat Pump Floors: Wood Parking: 5 - 10 Spaces; Off Street; Paved Electric: Circuit Breakers Gas: Natural - At Street Sewer: Private Sewer Water: Public
Listing Office: Townsend Real Estate
Last Updated: May - 10 - 2024
553 Shore Road, Cape Elizabeth, ME 04107- MLS# 1587625
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