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About the Listing 1795 - 023530
Historic Hannaway Building features a street level commercial space with exceptional visibility and three market-rate residential apartments above. The first floor offers highly visible retail, office, or service space fronting Main Street and is located within the MSRD1 (Main Street Revitalization District 1) zoning district, which permits a wide variety of commercial, retail, restaurant, office, medical office, personal service, and other downtown-oriented uses. While an existing commercial tenant occupies the space, the opportunity exists for an owner-user to occupy the first floor, making this an attractive option for businesses seeking to own rather than lease their location. The second floor consists of three renovated two-bedroom, one-bath apartments, each featuring in-unit laundry and benefiting from continued strength in Biddeford's rental market. Recent capital improvements include a newer EPDM rubber roof, heat pumps, updated flooring, renovations to the commercial space, and improvements throughout the residential units. Offered at a 7% capitalization rate, combining dependable in-place income with long-term appreciation potential.
Listing Highlights
Status
Active
Days on Site
5
Property Type
Commercial Sale
MLS ®
1671576
Year Built
1900
Total Square Footage
6,090
Lot/Acreage
0.07
County
York
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Gas Natural,Baseboard
- Fireplaces:
- Floor: Carpet,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Business District,Near Shopping,Retail Strip
- Garage Capacity: N/A
- Zoning: MSRD1
- Roof: Flat,Tar/Gravel
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $8,553
- Taxes w/Assessments: N/A
- Tax/Property ID: BIDD-000038-000000-000143
- Tax Year: 2026
Payment Calculator
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Questions About..
311 Main St Biddeford, ME 04005
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