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161 Main Street, Newport, ME 04953
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$2,200,000
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Home Details for 161 Main Street
Price
$2,200,000
Type
Commercial/Industrial
Year Build
1900
Lot Size
0.53
County
Penobscot
Basement
Full, Unfinished
Tax
$6,356
MLS®️ Listing#
1640973
Property Description
Unlock the potential of this Commercial property Renovations have started but aren't completed on this 11-unit apartment building property in the heart of Newport. Perfect for investors looking for an opportunity with much of the major work already done.
Key Features & Improvements:
New roof, windows, and electrical entrances.
Upgraded electrical systems.
New boiler and substantial plumbing work completed.
Sprinkler system already installed.
Generous off-street parking.
With most of the major infrastructure already in place, this property is primed for the finishing touches. The first floor could be completed and could be rented out quickly to begin generating income while finishing the remaining units.
Endless Potential: Five units with 1- bed/1 bath, 5- 2 bed/ 1 bath and 1 -3 bed/ 2 bath.
Don't miss this chance to capitalize on a project with strong bones and serious potential.
- Heating Information
- Hot Water
- Heat Pump
- Baseboard
- Basement
- Full
- Unfinished
- Cooling Information
- Heat Pump
- Water Features
- Public
- Parking
- On Site
Listing Courtesy: Better Homes & Gardens Real Estate/The Masiello Group - melissabartlett@masiello.com
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