Price Reduced 5.33%
$1,775,000
Price History
$1,875,000
4/27/2024
$1,775,000
5/10/2024
553 Shore Road, Cape Elizabeth, ME, 04107
11 rooms
4 beds
2 Full / 1 Half baths
1900
Colonial
2,422 sqft
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.
Status:
Active
Type:
Single-family residential
Zoning:
BA
Garage:
2-car
Heating:
Steam, Heat Pump
Cooling:
Heat Pump
Basement:
Full, Interior Entry
Parking:
5 - 10 Spaces, Paved, Detached, Off Street
Acreage:
0.24
Est. Taxes:
$7,406
Construction
Wood Siding, Wood Frame
Lot Description:
Level, Open Lot, Sidewalks, Landscaped, Near Public Beach, Near Town, Neighborhood
MLS #:
1587627
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of Townsend Real Estate