Nestled along the prestigious Shore Road

This distinguished Georgian Colonial residence presents a versatile mixed-use opportunity. Boasting commercial space on the ground floor and two open apartments spanning the upper levels, this property epitomizes convenience and exceptional potential. Offered as a successful ''turn-key'' rental business, with most furnishings included, it also holds promise for diverse ventures within the BA zone. Positioned at the gateway to Cape Elizabeth, this property enjoys unrivaled prominence, surrounded by pristine beaches, scenic parks and an array of dining, entertainment and cultural amenities within easy walking distance.

Meticulously preserving its original charm, while selectively modernizing essential features, this property seamlessly blends timeless elegance with contemporary functionality. Ideal for entrepreneurs, owner-occupiers or those seeking to capitalize on the bustling yet idyllic coastal atmosphere, this property represents a prime investment opportunity. Excellent furnished, monthly rental income of the two residential units, combined with the presence of a first-floor commercial space and garage, underscores the sgnificant income potential of this distinctive property. Whether establishing a business or embracing the allure of coastal living, this property promises both distinction and potential in equ al measure.

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on 553 Shore Rd
in Cape Elizabeth, ME
Presented by Kathryn Townsend at
Townsend Real Estate.


Property MLS #1587627 from MaineListings

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+ Bedrooms

Bedrooms: 4
Bedroom 1 Level: Second
Bedroom 2 Level: Second
Bedroom 3 Level: Third
Bedroom 4 Level: Third

+ Other Rooms

Total Rooms: 11
Basement Features: Full, Interior Entry
Living Room Level: First
Office/Study Room Level: First

+ Bathrooms

Total Bathrooms: 2.5
Full Bathrooms: 2
1/2 Bathrooms: 1

+ Heating and Cooling

Cooling Features: Heat Pump
Heating Features: Steam, Heat Pump
Heating: Yes
Number of Fireplaces: 1

+ Kitchen and Dining

Dining Room Level: First
Kitchen Level: Second

+ Exterior and Lot Features

Patio And Porch Features: Porch

+ Land Info

Lot Description: Level, Open Lot, Sidewalks, Landscaped, Near Public Beach, Near Town, Neighborhood
Lot Size Acres: 0.24
Lot Size Square Feet: 10454

+ Garage and Parking

Garage Spaces: 2
Parking Features: 5 - 10 Spaces, Paved, Detached, Off Street

+ Homeowners Association

Calculated Total Monthly Association Fees: 0

+ Other Property Info

Annual Tax Amount: 7406
Source Listing Status: Active
County: Cumberland
Directions: From Broadway in South Portland, head east on Cottage Road approximately 1 mile. Cottage Road becomes Shore Road at Cape/So Portland town line. Property will be on the right.
Tax Year: 2023
Source Property Type: Residential
Parcel Number: CAPE-001006U
Postal Code Plus 4: 1010
Zoning: BA
Property Subtype: Single Family Residence
Source System Name: C2C
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+ Building and Construction

Year Built: 1900
Above Grade Finished Area: 2422
Building Area Total: 2422
Building Exterior Type: Wood Siding, Wood Frame
Construction Materials: Wood Siding, Wood Frame
Foundation Details: Stone
Property Age: 124
Roof: Shingle
Architectural Style: Colonial

+ Utilities

Sewer: Private Sewer
Water Source: Public

+ Display Complete School Details

Pond Cove Elementary School is a public elementary school located approximately 2.6 miles away.
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Cape Elizabeth Middle School is a public elementary and middle school located approximately 2.7 miles away.
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Cape Elizabeth High School is a public high school located approximately 2.9 miles away.
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Spurwink School--S Portland is a private elementary, middle and high school located approximately 0.8 miles away.
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