Scarborough, ME 04074,685 US Route 1
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Scarborough, ME 04074,685 US Route 1
Scarborough, ME 04074,685 US Route 1
Scarborough, ME 04074,685 US Route 1
Scarborough, ME 04074,685 US Route 1
Listed by EXP Realty
Bought with Maine Real Estate Co

$480,000

$489,000

1.8%
Est.Price: ?

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

SOLD DATE : 04/21/2023

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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Maine MLS (MREIS) IDX
agent

Joshua Cousineau

Broker Associate | License ID: BA926319

+1(207) 212-1523

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