Arundel, ME 04046 34 Arundel Road
$2,100,000
50 more
Presented By: Realty Sales Inc;
Home Details
Diversified Income Property With Income Expansion Availability ! Two large buildings 'fully sprinklered' on 2.54 acres with parking for 42 cars. The front building consists of four levels of commercial or residential space or both offering 6,900 SF above grade & 2,640 SF of a partially finished basement with a full walk out stairway on each end of the building. The front tenant pays the heat & electricity. The rear building consists of 5,936 SF, two levels of living space offering Four-3 bedroom ''loft style'' apartments & a one car garage. The electricity & heat are included in the rear buildings monthly rent. The front building is currently being leased as a daycare mainly occupying the 1st level & the outside playground. The 2nd floor, 3rd floor & basement levels have room for future ''major income expansion'' after the lease terminates. All the current leases are below market rate. The front building has a floor plan for 6 apartments. Zoning will allow for 10 apartments total. This property would also make a great 10 unit condo conversion offering very large loft style units, or an office building, restaurant or a combination of uses. 3 minute drive to Kennebunkport's Dock Square & Beaches. Many different options for the creative investor. Great existing tenants. Very nice property & well maintained. Terrific location. Well worth previewing! Seller will contribute towards buyers closing costs.
Presented By: Realty Sales Inc;
Interior Features for 34 Arundel Road
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
BasementWalk-Out Access, Full, Sump Pump
Basement (Y/N)No
Electric On Property Y/NNo
FlooringWood, Vinyl
Heating Y/NYes
General for 34 Arundel Road
AccessibilityAccessible Approach with Ramp
Additional Parcels Y/NNo
Business TypeOther, Child Care
Carport Y/NNo
CityArundel
Construction MaterialsWood Siding, Clapboard, Wood Frame
CoolingNone
CountyYork
ElectricCircuit Breakers
Garage Y/NNo
HeatingRadiant, Forced Air
Home Owner Association Y/NNo
Interior FeaturesStorage
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet110642.4
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
Property SubTypeMixed Use
Property TypeCommercial Sale
Rent Control Y/NNo
RoofMetal, Pitched
Senior CommunityNone
SewerPrivate Sewer
Standard StatusActive
StatusActive
Stories4
Tax Annual Amount13025.0
Tax Lot015
Tax Year2023
View Y/NNo
Waterfront Y/NNo
Year Built1996
ZoningTCD
Exterior for 34 Arundel Road
Building Area Total15164.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesNear Shopping
Lot Size Acres2.54
Lot Size Area2.54
Open Parking Y/NNo
Parking Features21+ Spaces, On Site, Paved
Water SourcePublic
Additional Details
Price History
Jon Mercier
Designated Broker/ Realtor®