553 Shore Road, Cape Elizabeth, ME 04107
$1,875,000
Property Type:
Residential
Bedrooms:
4
Baths:
3
Square Footage:
2,422
Lot Size (sq. ft.):
10,454
Status:
Active
Current Price:
$1,875,000
List Date:
4/27/2024
Last Modified:
4/28/2024
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# 1587627
Property Sub-Type
Property Sub-Type: Single Family Residence
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
Association: No
Full Tax Amount $: 7406
Tax Year: 2023
Geo Lat: 43.633213
Geo Lon: -70.226725
Contract Information
Status: Active
Original List Price: 1875000
List Price: $1,875,000
Current Price: $1,875,000
Property Information
Surveyed: Unknown
Seasonal: No
# Rooms: 11
# Bedrooms: 4
# Fireplaces: 1
Total Full Baths: 2
Total Half Baths: 1
Total Baths: 3
Color: Yellow
Year Built: 1900
SqFt Finished Above Grade: 2422
SqFt Finished Total: 2422
SqFt Source: Public Records
Garage: Yes
Garage Spaces: 2
Lot Size Acres +/-: 0.24
Source of Acreage: Public Records
Compensation & Misc Info
Buyer Agency: 2
Buyer Agency Type: %
Water Info
Water Frontage: No
Water View: No
Property Features
Site: Level; Open; Sidewalks; Well Landscaped
Location: Near Public Beach; Near Town; Neighborhood
Roads: Paved; Public
Recreational Water: Nearby
Style: Colonial
Construction: Wood Frame
Basement: Full
Basement Entry: Interior
Foundation Materials: Stone
Roof: Shingle
Exterior: Wood Siding
Heat System: Heat Pump; Steam
Heat Fuel: Oil
Water Heater: Off Heating System
Cooling: Heat Pump
Floors: Wood
Patio and Porch Features: Porch
Driveway: Paved
Parking: 5 - 10 Spaces; Off Street; Paved
Vehicle Storage: 2 Car; Detached
Electric: Circuit Breakers
Gas: Natural - At Street
Sewer: Private Sewer
Water: Public
Room Information
Living Room
Level: First
Dining Room
Level: First
Office
Level: First
Living Room
Level: Second
Kitchen
Level: Second
Bedroom 1
Level: Second
Bedroom 2
Level: Second
Living Room
Level: Third
Kitchen
Level: Third
Bedroom 3
Level: Third
Bedroom 4
Level: Third
Documents
Listing Office: Townsend Real Estate
Last Updated: April - 28 - 2024
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