25 Alfred St - Storefront Retail/Office FOR SALE


Biddeford, ME 04005
$1,150,000 USD
207-773-4222
25 Alfred St, Biddeford, ME for Sale
$1,150,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | Request Cap Rate

25 Alfred St
Biddeford, ME 04005


HIGHLIGHTS

  • Building was approved as a part of the Biddeford Main Street Historic District
  • National Park Service determined the property to be a “certified historic structure” for rehabilitation purposes
  • Federal Historic Preservation Tax Credits: This provides a 20% tax credit for the rehabilitation of historic, income-producing buildings that are cert
  • Located within the Maine Street Revitalization District (MSRD 1)
  • Historic Preservation Committee (HPC) issued a certificate of appropriateness for a 30-key hotel redevelopment project on September 14th, 2023
  • Maine State Historic Rehabilitation Tax Credits: Maine offers a 25% state credit for any rehabilitation that also qualifies for the federal 20% credit

OVERVIEW

This historic building offers a prime real-estate redevelopment investment and business opportunity. Municipal approval is in place for redevelopment into a boutique hotel with 30 rooms. This project is endorsed by the Biddeford Historic Preservation Commission and comes with available architectural plans. This project represents a strategic opportunity to capitalize on Biddeford’s downtown dynamic revitalization, contributing to its vibrant future.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HOTEL REDEVELOPMENT OPPORTUNITY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,795 SF

ZONING

MSRD1

APN/PARCEL ID

BIDD-000038-000000-000402

ASK ABOUT THIS PROPERTY

Roger DaigleDaigle Commercial Group IncMore Info
207-773-4222

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Roger DaigleDaigle Commercial Group IncMore Info
207-773-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.