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1642 Atlantic Highway , Warren, ME 04864

$914,000
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Active
SQUARE FEET11,157 MLS#1672228
STATUSActive PROPERTY TYPECommercial - Business

Property Description

Rare opportunity to acquire a diversified income-producing property consisting of a newly renovated duplex, a commercial building with ten storage/commercial rental units, and a fully renovated single-family residence. Strategically located approximately one mile north of Route 90 and directly across from Ande's Variety & Take Out, one of the area's busiest retail destinations, the property benefits from excellent visibility, strong traffic counts, and a highly desirable commercial location. The duplex is currently undergoing a comprehensive renovation and, upon completion (anticipated in September), will feature two spacious residential apartments designed to attract quality tenants. The first-floor unit includes direct access to an attached two-car garage, while a newly paved driveway and expanded parking area further enhance tenant appeal and marketability. The interior of the single-family residence was extensively renovated approximately one year ago and is currently rented. The commercial building contains ten rental storage/commercial units, providing an opportunity as an established income component while offering flexibility to accommodate a variety of tenants. Combined with the residential units, the property offers a diversified rental portfolio that helps reduce income risk and enhances long-term investment stability. This property presents an outstanding opportunity for investors seeking the ability of having and expanding cash flow investment. When the renovations are completed and the duplex reaches stabilized occupancy, the property is well-positioned to generate increased rental income while benefiting from long-term appreciation. The combination of multiple revenue sources, recent capital improvements, strong location, and limited deferred maintenance creates an attractive investment with excellent potential for both income growth and asset appreciation.

1642 Atlantic Highway | MLS# 1672228

This commercial property located at 1642 Atlantic Highway , Warren, ME 04864 is currently listed for sale with an asking price of $914,000. Search Warren real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Commercial - Business
Basement: Slab
Heating: Electric, Oil, Propane, Forced Air, Heat Pump
Lot Size: 2.57 Acres
Roof Type: Shingle
Taxes: $4,518
Year Built: 2009

Feature Descriptions

Electric: Circuit Breakers
Exterior: Wood Frame, Metal Clad, Vinyl Siding, Wood Siding
Foundation: Poured Concrete
Lot: Rural
Parking: 21+ Spaces, On Site
Sewer: Private Sewer
Water: Public

Listed By / Shown By

Listed By

Agency Name: SVN The Masiello Group
Agent Name: Douglas Erickson
Agency Phone: 207-596-6095

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