25 Alfred RdBiddeford, ME 04005

Property Details for 25 Alfred Rd

Year built

1880

Lot size

0.13 AC

Property size (Sq ft)

23,253 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

Exceptional redevelopment opportunity awaits in Biddeford, Maine. This 23,253 square foot property, situated on a 0.13-acre lot at 25 Alfred Rd, 04005, presents a unique chance to capitalize on the city's revitalization. Built in 1880, the building is officially recognized as a certified historic structure by the National Park Service, and is located within the Biddeford Main Street Historic District and the Maine Street Revitalization District (MSRD 1). On September 14th, 2023, the Historic Preservation Committee (HPC) issued a Certificate of Appropriateness for a 30-key hotel redevelopment project. This approval streamlines the development process, significantly reducing potential hurdles. The project's eligibility for substantial federal (20%) and state (25%) historic preservation tax credits offers significant financial advantages. This presents a compelling investment opportunity to create a boutique hotel in a thriving downtown area, contributing to Biddeford's vibrant future. The property's zoning is MSRD1. Architectural plans are available. This is a turnkey opportunity for a savvy investor to develop a profitable hotel in a rapidly growing Maine coastal community.

Location Insight

City

Biddeford

County

York

State

Maine

Latitude

43.492

Longitude

-70.4541

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