Request More Info
Schedule a Showing
Share
Print
|
Historic Hannaway Building features a street level commercial space with exceptional visibility and three market-rate residential apartments above. The first floor offers highly visible retail, office, or service space fronting Main Street and is located within the MSRD1 (Main Street Revitalization District 1) zoning district, which permits a wide variety of commercial, retail, restaurant, office, medical office, personal service, and other downtown-oriented uses. While an existing commercial tenant occupies the space, the opportunity exists for an owner-user to occupy the first floor, making this an attractive option for businesses seeking to own rather than lease their location. The second floor consists of three renovated two-bedroom, one-bath apartments, each featuring in-unit laundry and benefiting from continued strength in Biddeford's rental market. Recent capital improvements include a newer EPDM rubber roof, heat pumps, updated flooring, renovations to the commercial space, and improvements throughout the residential units. Offered at a 7% capitalization rate, combining dependable in-place income with long-term appreciation potential.
Property Type(s):
Commercial
| Last Updated | 7/13/2026 | Year Built | 1900 |
|---|---|---|---|
| County | York |
Additional Details
| AIR | None |
|---|---|
| BASEMENT | Full, Unfinished, Yes |
| CONSTRUCTION | Brick, Frame, Other |
| HEAT | Baseboard |
| LOT | 3049 sq ft |
| LOT DIMENSIONS | 0.07 |
| MLS STATUS | Active |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 8553 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
Listing provided by The Dunham Group
Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. 
Additional school data provided by Onboard Informatics © 2026 Onboard Informatics. Information deemed reliable but not guaranteed.
Mortgage Calculator provided by Diverse Solutions © 2026
IDX data provided by Market Leader, courtesy of Maine Listings.
This IDX solution is (c) Diverse Solutions 2026.
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Matt Trudel to contact you even if your name is on a Federal or State "Do not call List". | |