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Property Information

Solid money maker in Biddeford.  There are two separate retail units on the first floor; a large variety store/redemption center and an owner-run game shop/second hand store occupies a retail unit on the first floor. The second and third floor have eight 1-bedroom apartments and one 2-bedroom apartment unit with excellent rental history.  The owner will either secure his first floor retail space with a market rate lease or vacate the space if the new owner would prefer to occupy it him or herself.

New high efficiency natural gas furnace installed Nov. 2014.  The building has roof (approx. 2004) and electrical service (2012) updates.  Very good numbers reflected in an approximate 15% Cap Rate.

 

Property Features

• Busy Route 1 location.
• Income property
• Mixed use commercial

Location