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685 Us Route 1Scarborough, ME 04074Sale Price: $480,000

  • Sale Price: $480,000
  • 423 Days Since Sale
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Federal 30-year interest rate: 6.95% last updated on Jun 13, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $489,000List Price
  • 0.88Acreage
  • 1,806Square Feet
Closed

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Listed by EXP Realty

Sold by Maine Real Estate Co
Rare Route 1 Scarborough office space w/ opportunities to expand! Don't miss this charming, early 1900s, 4-square design located in the bustling Dunstan Square area! This sought-after location has exceptional exposure w/ over 18,000 passing cars per day. Close to shopping, restaurants, beaches, highways & airport. Enjoy the charm of an early 1900s building, w/ hardwood floors, high ceilings, French doors, crown molding & butted trim throughout. The 1st floor boasts a large main office space w/ exquisite, coffered ceilings, brick fireplace, & adjoining small conference room. A second medium-sized office w/ adjoining copy & storage room, plus full kitchen & full bathroom complete the 1st floor. The 2nd floor has a large conference room, two additional sizable offices & second full bath. Plenty of private parking & detached 3-car garage complete the property in its current configuration. The building is currently designated as one large dwelling, perfect for a wide range of small business categories needing multiple private offices or can be used as a work/live business arrangement. Financial services, small healthcare businesses, or similar, will be right at home here! Investors take notice! This spacious 0.88-acre lot w/ 99' of frontage provides multiple possibilities to significantly increase the property value. Possible options to explore may include moderate renovations to convert current building into two business units, a sizable addition doubling the overall square footage to accommodate up to 3-6 mixed use units, or renovation & expansion of 3-car garage to add mixed use units above. The possibility of a newly constructed stand-alone structure w/ 3-6 additional units on the wide-open back lot should not be ruled out! All property improvements require buyer submission to town of Scarborough for site plan review & approval. Contact agent for a showing!

Property Details of 685 Us Route 1

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Lakepoint Real Estate participates in ©2024 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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