521 Ocean Street, South Portland, ME 04106

$1,075,000

Property Type: Commercial Square Footage: 6,140 Lot Size (sq. ft.): 23,087 Status: Closed

Current Price: $1,075,000 List Date: 10/12/2018 Last Modified: 12/28/2024

Overview

Description

521 Ocean Street is an amazing property. Built in 1915, it features 11 bedrooms, 12 baths, A commercial kitchen and ample common areas. Since 1915, it has been a non-profit home for elderly woman. Very well maintained, it has period features throughout. 100% accessible by elevator, it is fully sprinklered with excellent utility systems. Due to the current zoning, AA (Residential) , any future use for which it would excel such as Bed & Breakfast, live-in treatment facility, etc, will need to be approved by the City of South Portland, with either a Contract Use or zone change, most likely to a more appropriate LB- limited business zone. A classic property in every sense.

Listing Details MLS# 1373674

Location Information

Street #: 521
Street Name: Ocean
Street Type: Street
County: Cumberland
Town: South Portland
State/Province: ME
Zip Code: 04106
Leased Land: No
Book: 1675
Page: 239
Map: 21
Lot: 95
Zoning: AA Residential
Zoning Overlay: No
Full Tax Amount $: 12889
Tax Year: 2019
Association Y/N: No

Contract Information

Original List Price: 1349500

Property Information

Primary Use: General Commercial
Surveyed: Unknown
Year Built: 1915
SqFt Finished Total: 6140
Lot Size Acres +/-: 0.53
Road Frontage +/-: 350

Status Change Info

Pending Date: 2018-11-16
Closed Date: 2019-04-23
Closed Price: 1075000

Utilities

Utilities On: Yes

More Information

Property Features

Construction: Other Property Uses: Other; Special Purpose Foundation Materials: Slab Exterior: Brick Roof: Membrane; Slate Heat System: Steam Heat Fuel: Gas Natural; Oil Floors: Carpet; Tile; Wood Parking: 5 - 10 Spaces; Off Site Electric: Circuit Breakers; Generator Hookup Sewer: Public Sewer Water: Public

Documents

Deed Public Access ›

Listing Office: Malone Commercial Brokers, Inc.

Selling Office: Malone Commercial Brokers, Inc.

Last Updated: December - 28 - 2024

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