SQUARE FEET10,500
MLS#1640973
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Unlock the potential of this Commercial property Renovations have started but aren't completed on this 11-unit apartment building property in the heart of Newport. Perfect for investors looking for an opportunity with much of the major work already done.Key Features & Improvements:New roof, windows, and electrical entrances.Upgraded electrical systems.New boiler and substantial plumbing work completed.Sprinkler system already installed.Generous off-street parking.With most of the major infrastructure already in place, this property is primed for the finishing touches. The first floor could be completed and could be rented out quickly to begin generating income while finishing the remaining units.Endless Potential: Five units with 1- bed/1 bath, 5- 2 bed/ 1 bath and 1 -3 bed/ 2 bath.Don't miss this chance to capitalize on a project with strong bones and serious potential.
Property Features
Property Type: Commercial - Business
Cooling: Heat Pump
Heating: Baseboard, Heat Pump, Hot Water
Lot Size: 0.53 Acres
Roof Type: Membrane
Taxes: $6,356
Year Built: 1900
Feature Descriptions
Electric: Circuit Breakers
Equipment: Cable
Flooring: Luxury Vinyl
Sewer: Public Sewer
Water: Public
Listed By / Shown By
Listed By
Agency Name: Better Homes & Gardens Real Estate/The Masiello Group
Agency Phone: (207) 487-1704
Agent Name: Melissa Bartlett
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161 Main Street | MLS# 1640973
This commercial property located at 161 Main Street, Newport, ME 04953 is currently listed for sale by Better Homes & Gardens Real Estate/The Masiello Group, with an asking price of $1,800,000. Search Newport real estate on www.masiellogrouprealestate.com today.