Active

553 Shore Road

Cape Elizabeth ME, 04107

$1,775,000


Active

4 Beds

2.5 Baths

2,422 sqft

Residential

Built in 1900

Courtesy of Townsend Real Estate

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.

1587627

MLS ID

May 10, 2024

Updated

Map

553 Shore Road
Cape Elizabeth ME, 04107

Interior Features

Bedrooms

4


Total Bathrooms

2.5


Fireplace

Yes


Cooling

Yes


Cooling Description

Heat Pump


Heating

Yes


Heating Description

Steam, Heat Pump

Exterior/Building Features

Lot Size

0.24 Acres


Lot Features

Level, Open Lot, Sidewalks, Landscaped, Near Public Beach, Near Town, Neighborhood


Architectual Style

Colonial


Roof

Shingle


Sewer

Private Sewer

Other Property Details

Taxes

$7,406


Tax Frequency

Annually


Garage

Yes


Garage Spaces

2


Parking

5 - 10 Spaces, Paved, Detached, Off Street


View

No


County

Cumberland


Water Source

Public


Pool

No


Zoning

BA


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/10/2024

Price Change

$1,775,000

-6%

Listing Contact: 207-232-8668

Courtesy of  Townsend Real Estate

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. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Town & Shore Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 10:22 PM UTC, 5/10/2024

 

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