Listed by The Boulos Company Portland
$895,000
Downtown Redevelopment Opportunity
Details
Property Type Retail, Multifamily
Sub Type Restaurant, Storefront
Square Footage 17,385
Units 11
Class B
Year Built 1880
Buildings 1
Stories 3
Acreage 0.130
Zoning Maine Street Revitalization District (MSRD 1)
Investment Type Redevelopment
Ownership Biddeford Development Group, LLC
Mixed Use | 17,385 SF | Downtown Biddeford Redevelopment Opportunity
Marketing description
Be a part of Biddeford’s historic downtown revitalization! With its rich architectural heritage, growing population, and increasing demand for housing, Biddeford is transforming into a vibrant hub for business, dining, and urban living. Tax incentives, strong community support, and a prime location near Portland, Portsmouth, and Boston make this an ideal market to invest in.
Investment highlights
- Historic Laconia Lodge primed for mixed-use redevelopment
- Existing architectural drawings for eleven (11) residential condominium units and two (2) ground floor commercial units
- Possible tax credits including Federal Historic Preservation Tax Credit at 20% and Maine State Historic Rehabilitation Tax Credit at 25%
- Approved as part of the Biddeford Main Street Historic District
Listing Contacts
Listed by The Boulos Company Portland
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
