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25 Alfred St
Biddeford, ME 04005
Downtown Biddeford Redevelopment Opportunity · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Building was approved as a part of the Biddeford Main Street Historic District
- Federal Historic Preservation Tax Credits: This provides a 20% tax credit for the rehabilitation of historic, income-producing buildings that are cert
- Historic Preservation Committee (HPC) issued a certificate of appropriateness for a 30-key hotel redevelopment project on September 14th, 2023
- National Park Service determined the property to be a “certified historic structure” for rehabilitation purposes
- Located within the Maine Street Revitalization District (MSRD 1)
- Maine State Historic Rehabilitation Tax Credits: Maine offers a 25% state credit for any rehabilitation that also qualifies for the federal 20% credit
EXECUTIVE SUMMARY
Be a part of Biddeford’s historic downtown revitalization! With its rich architectural heritage, growing population, and increasing demand for housing, Biddeford is transforming into a vibrant hub for business, dining, and urban living. Tax incentives, strong community support, and a prime location near Portland, Portsmouth, and Boston make this an ideal market to invest in.
Historic Laconia Lodge primed for mixed-use redevelopment
Existing architectural drawings for eleven (11) residential condominium units and two (2) ground floor commercial units
Possible tax credits including Federal Historic Preservation Tax Credit at 20% and Maine State Historic Rehabilitation Tax Credit at 25%
Approved as part of the Biddeford Main Street Historic District
Sale Price: $1,150,000
Historic Laconia Lodge primed for mixed-use redevelopment
Existing architectural drawings for eleven (11) residential condominium units and two (2) ground floor commercial units
Possible tax credits including Federal Historic Preservation Tax Credit at 20% and Maine State Historic Rehabilitation Tax Credit at 25%
Approved as part of the Biddeford Main Street Historic District
Sale Price: $1,150,000
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,385 SF
Building Class
C
Year Built
1880
Price
$1,326,124 CAD
Price Per SF
$76.28 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
9’
Building FAR
3.00
Lot Size
0.13 AC
Zoning
MSRD1 - Maine Street Revitalization District (MSRD 1)
PROPERTY TAXES
| Parcel Number | BIDD-000038-000000-000402 | Improvements Assessment | $990,027 CAD |
| Land Assessment | $223,201 CAD | Total Assessment | $1,213,228 CAD |
PROPERTY TAXES
Parcel Number
BIDD-000038-000000-000402
Land Assessment
$223,201 CAD
Improvements Assessment
$990,027 CAD
Total Assessment
$1,213,228 CAD
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