Active
553 Shore Road
Cape Elizabeth ME, 04107
$1,775,000
Active
4 Beds
3 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
3
Full Bathrooms
2
Half Bathrooms
1
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