553 Shore Road,  Cape Elizabeth  (04107)

$1,775,000

4 bedrooms 4   3 bathrooms 3   2422 square feet 2,422
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Listed By: Townsend Real Estate

PROPERTY DETAILS

Address: view address
Cape Elizabeth, ME 04107
Map Location
Features: Garage
Bedrooms:4Bathrooms:3 (full: 2, half: 1)
Square Feet:2,422 sq.ft.Lot Size:0.24 acres
Year Built:1900Styles:Colonial
Property Type:HomeCounty:Cumberland
List Date:2024-04-27Listing Number:1587627
Listed By:Townsend Real Estate

PROPERTY 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.

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Interior

Fireplace:YesHeat Pump:Yes
Steam Heat:Yes

Exterior

Garage Size:2.00Off Street Parking:Yes
Shingle Roof:YesStyle:Colonial
Total Above Grade Finished Sq Ft:2,422.00Wood Exterior:Yes
Wood Frame Exterior:Yes

Property and Lot Details

Lot Acres:0.24Lot Number:6.00
Lot Sqft:10,454.40Lot Zoned:BA
Public Water:YesSewer:Yes
Taxes:7,406.00Transaction Type:Sale
Year Built:1900

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

Loading Data...

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Listed By: Townsend Real Estate