128 Middle StreetFarmington, ME 04938

Description

AMAZING LOCATION IN THE HEART OF FARMINGTON'S DOWNTOWN VILLAGE DISTRICT!!! This property has been meticulously maintained by the same owners for the past 35 years and offers a strong rental history. The first floor has been home to a physical therapy practice since 1991. The space offers a large reception area and waiting area with a bathroom. There are five exam rooms, a beautiful physical therapy space with plenty of natural light and hardwood floors, a lab space, an administrative office, a therapist office with docking stations and an additional full bathroom with laundry. Parking is not an issue with the paved private driveway leading to the large, paved parking lot. On street parking is also available for patients. The second floor is a spacious, four-bedroom one bath unit with laundry on site as well. The open concept living, dining and kitchen offers ample space for entertaining family and friends. This property is within walking distance of the Downtown Business District, local and state educational facilities, public trail systems and parks and the community center is just across the street. You can't ask for a more convenient location for a property that generates over $34,000 annually in net proceeds with an increase projected for 2026. This can be an owner occupied, multi-use building with a commercial tenant on the first floor. Currently there are tenants on the second floor with a medical practice on the first floor. It would not take much to convert this property back into a full residential home after the current leases expire. COME AND EXPLORE THE POSSIBILITIES!!!

Property Information

Property type

Residential Income

Sub-type

Multi Family

Style

New Englander

Year built

1884

Living area

3,698 Sq Ft

Lot size

0.27 acres

Zoning

Village

Days on market

207

MLS^® Listing#

1657464

Property Features

Interior

Walk-In Closet(s) · Storage

Cooling

Wall Unit(s)

Heating

Propane · Baseboard · Hot Water

Flooring

Carpet · Vinyl · Wood

Basement

Interior Entry · Crawl Space · Full · Partial · Unfinished

Parking

Paved · On Site · Off Street · On Street

Laundry

Main Level · Upper Level

Lot features

Level · Open Lot

Construction

Vinyl Siding · Frame

Foundation

Stone

Roof

Metal

Utilities

Propane

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Annual taxes

$5,019Tax year 2025

Parcel number

FARN-000000-U000013-000004

Directions

From the intersection of Broadway and High Street, Take High St East and turn left onto Middle Street. Property is on the left directly across from the Community Center