234 Main ST Active Save Request In-Person Tour Request Virtual Tour
Lovell,ME 04051
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 3,400 sqft
Price per Sqft $102
MLS Listing ID 1614504
Style Other
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 3,400
Originating Board Maine Listings
Year Built 1865
Annual Tax Amount $1,804
Tax Year 2023
Lot Size 0.380 Acres
Acres 0.38
Property Description
Commercial Multi-Family Mixed-Use Property For Sale
A Prime Investment Opportunity
Nestled in a bustling neighborhood, a unique commercial multi-family mixed-use property is now available for sale. This property presents an exceptional investment opportunity, combining commercial space with residential rentals, ensuring a steady income stream.
The Commercial Floor
The first floor of this property has a rich history, having housed a successful convenience store and restaurant for many years. Although currently closed, the business can be effortlessly revived, thanks to the inclusion of all store and restaurant equipment with the sale. This turn-key opportunity means that entrepreneurs can hit the ground running without the hassle of sourcing and purchasing new equipment.
The space is not limited to a convenience store and restaurant; it is also well-suited for general retail. With its prominent location and the adaptability of the space, a variety of businesses could thrive here, from boutique shops to service providers. The adaptable layout can accommodate different retail needs, making it an attractive option for potential tenants or owner-operators.
The Residential Floor
Above the commercial space, the second floor comprises three fully occupied apartments, adding another layer of financial stability to the property. These well-maintained units provide comfortable living spaces, ensuring high tenant retention and demand.
• Apartment 1: A spacious two-bedroom, one-bathroom unit, perfect for small families or roommates.
• Apartment 2: Another well-appointed two-bedroom, one-bathroom unit, offering similar amenities and comfort.
• Apartment 3: A cozy one-bedroom, one-bathroom unit, ideal for singles or couples.
Investment Potential
This property is a lucrative investment opportunity. The combination of commercial and residential spaces ensures diversified income, reducing risk and maximizing returns.
Location
State ME
County Oxford
Zoning Commercial
Rooms
Basement None,Not Applicable
Interior
Heating Other Heat System
Cooling A/C Units
Flooring Laminate
Exterior
Parking Features 11 - 20 Spaces,Gravel,Common,Off Street
View Y/N No
Roof Type Metal
Garage No
Building
Lot Description Level,Intown
Story 25
Foundation Block
Sewer Septic Tank,Septic Design Available
Water Private,Well
Architectural Style Other
Structure Type Shingle Siding,Wood Frame
Others
Restrictions Unknown
Energy Description Oil, Gas Bottled