Property Description

Rare opportunity to own a vibrant commercial business on a busy road. Welcome to 18 Water St in Guilford Maine, a 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. Updates to the apartment above the commercial open space include; an updated bathroom, replacement of the water heater, repaired the furnace, removal of wallpaper in kitchen/bathroom, new luxury vinyl floors in bed/bath and an updated laundry room/mudroom. On the exterior, the siding has been repaired where needed, the back deck has been stabilized, and thoughtful landscaping has created a nice yard with multiple gardening terraces. Also, the seller added a trench drainage system in yard to control water runoff. Also, new R-19 insulation to be installed in the commercial space prior to closing. Whether you want to convert this structure into a 4 or 6 unit to create a comfortable cash flow, own a business on one floor while living above it, or follow another entrepreneurial dream, set up a showing today.

Property Features