Property Description

If your rent is 1500 a month or more, it's cheaper to own this property than rent! Or this presents a rare opportunity to own a vibrant commercial business on a busy road. Welcome to 18 Water St in Guilford Maine, a 3500 sf mixed use building with a open commercial space on the 1st floor and a residence above, in a premier location. The square footage and layout would allow someone to convert this structure into up to 6 units, 3 on each floor. The 2nd floor offers a 3+ bedroom 1 bathroom residence that can be used a residence, an office or rental unit(s) for an optimal income stream. With multiple living rooms, depending on how the space is utilized it can be greater than 3 bedrooms. The 1st floor commercial space is truly a blank canvas, adaptable for any business idea. It has a half bath and is otherwise a gutted space with some industrial kitchen equipment from its past life. This space has been used as a residence for the past 6 years. Thoughtfully updated throughout. New R-19 insulation to be installed in the commercial space prior to closing. Whether you want to convert this structure into multiple rental units to create a comfortable cash flow, or own a business on one floor while living above it, or if you just want a large affordable home in a quaint town, take the first step and set up a showing today.

Property Features