Bought with Maine Real Estate Co
$480,000
$489,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
685 US Route 1 Scarborough, ME 04074
1,806 SqFt
Key Details
Sold Price $480,000
Property Type Commercial Sale
Sub Type General Commercial
Listing Status Sold
Square Footage 1,806 sqft
MLS Listing ID 1549687
Sold Date 04/21/23
HOA Y/N No
Year Built 1918
Annual Tax Amount $4,620
Tax Year 2022
Lot Size 0.880 Acres
Acres 0.88
Property Sub-Type General Commercial
Source Maine Listings
Property Description
Rare Route 1 Scarborough office space w/ opportunities to expand!
Don't miss this charming, early 1900s, 4-square design located in the bustling Dunstan Square area! This sought-after location has exceptional exposure w/ over 18,000 passing cars per day. Close to shopping, restaurants, beaches, highways & airport.
Enjoy the charm of an early 1900s building, w/ hardwood floors, high ceilings, French doors, crown molding & butted trim throughout. The 1st floor boasts a large main office space w/ exquisite, coffered ceilings, brick fireplace, & adjoining small conference room. A second medium-sized office w/ adjoining copy & storage room, plus full kitchen & full bathroom complete the 1st floor.
The 2nd floor has a large conference room, two additional sizable offices & second full bath. Plenty of private parking & detached 3-car garage complete the property in its current configuration.
The building is currently designated as one large dwelling, perfect for a wide range of small business categories needing multiple private offices or can be used as a work/live business arrangement. Financial services, small healthcare businesses, or similar, will be right at home here! Investors take notice!
This spacious 0.88-acre lot w/ 99' of frontage provides multiple possibilities to significantly increase the property value. Possible options to explore may include moderate renovations to convert current building into two business units, a sizable addition doubling the overall square footage to accommodate up to 3-6 mixed use units, or renovation & expansion of 3-car garage to add mixed use units above. The possibility of a newly constructed stand-alone structure w/ 3-6 additional units on the wide-open back lot should not be ruled out! All property improvements require buyer submission to town of Scarborough for site plan review & approval.
Contact agent for a showing!
Location
State ME
County Cumberland
Zoning TVC3
Rooms
Basement Brick/Mortar, Sump Pump, Unfinished
Interior
Heating Hot Water
Cooling None
Flooring Wood, Laminate, Carpet
Equipment Internet Access Available
Exterior
Parking Features 5 - 10 Spaces, Gravel, Paved, Off Street
Utilities Available 1
View Y/N No
Roof Type Shingle
Garage Yes
Garage Yes
Building
Lot Description Near Turnpike/Interstate, Near Airport, Business District
Story 2
Foundation Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Wood Siding,Clapboard,Wood Frame
Others
Restrictions Unknown
Ownership Listing Agent is related to seller.
Energy Description Oil
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