12 Pearl StBiddeford, ME 04005

Property Details for 12 Pearl St

Year built

1890

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.30 AC

Property size (Sq ft)

7,252 SF

Zone code

MSRD1

Property type

Other commercial real estate

APN

BIDD M:40 L:72

APU

BIDDM40L72

Description

This exceptional mixed-use building presents a compelling redevelopment opportunity in the vibrant heart of downtown Biddeford, Maine. Located at 12 Pearl St, this 21,756 square foot property sits on a 0.3-acre lot and offers significant potential for a variety of uses. Currently classified as a Class B building, it boasts three stories and was constructed in 1890. The property's versatility is underscored by its MSRD1 zoning, permitting residential, retail, office, and storage uses, among others. Its prime location places it within easy reach of numerous amenities and attractions, including The Lincoln Hotel, Batson River, Lofts on the Levee, and the Pepper Mill Campus, as well as a variety of local restaurants and businesses. The asking price is $1,090,000, translating to $50.10 per square foot. This presents a unique chance to acquire a substantial property with considerable upside in a thriving Maine community. The building's existing structure provides a solid foundation for a creative vision, whether it's a complete renovation or adaptive reuse. This is an ideal investment for developers seeking a high-impact project in a desirable location.

• Alternative Use

  Use

  Valuation

  Residential

  $1,372,362

  Hospitality

  $1,257,076

  Educational

  $1,045,873

  Medical

  $1,081,842

  Retail

  $1,626,913

Location Insight

City

Biddeford

County

York

State

Maine

Latitude

43.4952

Longitude

-70.4571

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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