529 Main StreetFryeburg, ME 04037MLS Number 1528629

  • Price: $550,000
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Federal 30-year interest rate: 5.22% last updated on Aug 11, 2022
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  • 0.51Acreage
  • 1805Year Built
Searching for the perfect investment opportunity in a fantastic commercial location? Dreaming of owning a one-of-a-kind estate with an abundance of architectural character? Welcome to 529 Main Street. Originally known as the Ye Olde Inn, the 26-room tavern was converted into a 6,300sq ft multi-use property where a story of elegance and history unfolds. Every inch of this exceptionally sophisticated jewel has been deeply cared for by the same family for over 40 years. A private entrance, paved pathway, and thoughtfully landscaped grounds invite you into the front entrance. Upon entry, you are welcomed by beautiful pine wood floors, 9'' ceilings, and a stunning grand foyer that guides you to an expansive 45' screened-in porch. The bright and airy dining room is highlighted by a breathtaking crystal chandelier and custom built-in cabinetry that seamlessly connects to the beautifully updated kitchen, which was designed for entertaining. Two spacious living rooms with fireplaces, a half bath, and an oversized parlor finalizes the first level. On the second level, retreat to the spacious primary suite with beautiful wood flooring and large windows that invite lots of natural light. Three additional bedrooms, including an en-suite, a full bath, and an oversized unfinished attic complete the second level. In addition to the primary residence are four income-producing apartments, equating to an extra 2800sq ft in total square footage. Additional features include a large 1-car garage, a large full walkout basement with plenty of opportunities for expansion, a workshop, and an impressive 3 fireplaces. Future potential includes options to return the property to its original commercial use, AirBNB income, or create multiple commercial/office spaces in a prime location. Within minutes to Fryeburg Academy, Fryeburg Fairgrounds, Shawnee Peak, and the infamous North Conway! Make it yours today!
Listed by Portside Real Estate Group

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Coldwell Banker American Heritage Real Estate
Coldwell Banker American Heritage Real Estate
Office: 207-942-6773
510 Broadway
Bangor, ME 04401

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More Info

Location Information

  • Building Number529
  • StreetMain Street

Building

  • BasementFull, Unfinished, Walkout Access
  • Year Built1805
  • FoundationGranite, Other, Slab
  • Building ConstructionWood Frame
  • Building FeaturesStorage
  • RoofMetal

Interior

  • FloorsCarpet, Laminate, Other, Tile, Vinyl, Wood

Property Information

  • Property UsesBed and Breakfast, Commercial, Hotel/Motel, Office Building, Other
  • Zoning OverlayNo

Photos

  • Number of Photos77
  • Last Img Trans Date05/24/2022

Tax Information

  • Tax Year2,021

Location

  • StateME
  • TownFryeburg
  • Zip04037
  • LocationBusiness District, Downtown, Other Location
  • CountyOxford
  • Map41

Property

  • Acreage0.51
  • Sq Ft Finished Total11,558
  • Leased LandNo

Exterior

  • ExteriorVinyl Siding

Amenities

  • Other AmenitiesBasement

Other

  • Parking Spaces5 - 10 Spaces

Basic Information

  • List Price$550,000
  • MLS Number1528629
  • Address529 Main Street
  • Broker NamePortside Real Estate Group
  • Modification Date05/25/2022
  • Virtual TourView Tour
  • Agent ID013659
  • Broker ID3011
  • MLS StatusActive
  • Property SubTypeMulti Family

Utilities

  • Heat SystemRadiator, Steam, Stove
  • Heating FuelOil, Wood
  • Waste Water DisposalOther, Private Sewer, Septic Design Available
  • WaterPublic
  • CoolingNone
  • ElectricCircuit Breakers
  • GasNo Gas

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