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$1,300,000

For Sale

13 days ago

311 Main St, Biddeford, ME

House

MLS® 1671576

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes $8,553
Days Active 13
Lot Size 0.07 Acres
Approx. Age 1900
MLS® Number 1671576

Property Address: 311 Main St, Biddeford, ME, 04005-3094

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number1671576
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementFull, Unfinished
Driveway
Garage Spaces
HeatGas Natural, Baseboard
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 13, 2026List Date
$1,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
311 Main St, Biddeford, ME

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