Historic Tax Credit Opportunity

Multi-Family for Sale
Catylist Listing ID: 30819531
Property Subtypes: Mixed Use
Number of Units: 13 Units
Building Size (RSF): 23,253 SF
Gross Building Area: See Agent
Sale Price: $1,750,000
Unit Price: $134,615.38 Per Unit
Property Use Type: Vacant/Owner-User
Building Name: Laconia Building Odd Fellows Hall
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/24/2022

Overview / Comments

Amazing opportunity to join the revitalization of Downtown Biddeford. The former Odd Fellows Laconia Lodge building contains two first floor retail spaces and three additional floors of vacant space. Current owners have had surveys, plans and historic tax credit applications prepared to add 11 residential apartments to the top floors. Talk to broker to get more details. A very cool and solid building.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 25AlfredStreetBiddeford
Zoning: MSRD1
Property Condition: Fair

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,671 34,380 51,243
Median Age: 37.26 41.32 41.35
Households: 7,113 14,991 21,778

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