Movoto Real Estate
Sold on 01/23/2024
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53 Main St, Biddeford, ME 04005

  • $451,108

    Last sold 01/23/2024 for $425K

  • 2

    bed

  • 2

    bath

  • 2,550

    Sqft ($167/Sqft)

Multi-family not for sale
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About 53 Main St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 1,307 Sqft
Movoto estimate
Property description
** BACK ON MARKET! AT NO FAULT OF THE SELLERS** Updates have been completed since original listing, and building now fully vacant! Discover an exceptional investment opportunity in the bustling heart of downtown Biddeford. This distinctive mixed-use building perfectly combines commercial potential with residential charm, offering a myriad of possibilities for investors, business owners, and rental income seekers. Commercial Space: The ground floor features a spacious mixed use space that once housed Villari's Dojo and more recently served as a record store. With an open layout and ample space, this commercial area presents an enticing canvas for entrepreneurs to realize their creative visions. With plenty of space for storage - providing practicality and convenience for business operations. Residential Haven: Upstairs, a private entrance leads to a 3-bedroom, 1-bathroom apartment spanning 1275 square feet. This charming living space is thoughtfully designed, with an open layout that seamlessly connects the living and kitchen areas creating an inviting and comfortable atmosphere. The apartment's separate entrances ensures privacy and convenience for residents. This also presents an excellent opportunity for generating steady rental income. Its appealing layout and convenient location make it an attractive option for potential tenants. Investors can maximize returns by leasing both the commercial space and the residential apartment. This unique setup offers the advantage of diversifying income sources. Entrepreneurs have the chance to establish a thriving venture in a prime downtown location. With foot traffic and visibility, the commercial space is poised to become a hotspot for a variety of businesses. Don't miss out on this exceptional mixed-use building in the heart of downtown Biddeford. This building is a prime opportunity that can only be of worth for its next owners!
Listed by
Listing Agent - Tatiana Morrell
Listing Office - Landing Real Estate
Source: MREIS mls logo
MLS#1569000 • last updated 3 months ago
Movoto checked MREIS for data 7 minutes ago
Overview
Heating Direct Vent Furnace, Forced Air
Levels/Style Multi-Level, Other
MLS # 1569000
SqFt 2550
Status Closed
Lot Size (Acres) 0.03
Lot Size (Sqft) 1306.8
Property Tax 3243
Year Built 1900
Interior
Total # of Bathrooms 2
# Full Baths 1
# Half Baths 1
Flooring Other, Tile, Wood
Exterior
Roof Membrane
Lot Features Business District
Amenities / Utilities
Water Source Public
Location
Zoning MSRD1
Multifamily Details
Total # Of Units 2
Operating Expense 15000
Gross Income 44400
$451K
Range: $405K-$496K
Last 30 days 
  • Jan 2024
    mls logo MLS # 1569000
  • Jan 23, 2024 Sold
    $425,000 (+6.3%)
  • Dec 21, 2023 Pending
  • Dec 16, 2023 Listed
  • Sep 2, 2023 Pending
  • Aug 16, 2023 Listed
    $399,999 (+122.3%)
  • May 2017
    mls logo MLS # 1298968
  • May 12, 2017 Canceled
  • Apr 1, 2017 Pending
  • Apr 1, 2017 Listed
    $179,900 (+12.5%)
  • Aug 2014
    mls logo MLS # 1043633
  • Aug 27, 2014 Expired
  • Feb 27, 2012 Listed
    $159,900
  • 53 Main St
    $425K
  • Biddeford Downtown Mill District
    $494K +4% y/y
  • 04005
    $584K +10% y/y
  • Biddeford
    $599K +5% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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