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About the Listing 1126 - 003910
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.
Listing Highlights for 161 Main St
Status
Active
Days on Site
9
Property Type
Commercial Sale
MLS ®
1640973
Year Built
1900
Total Square Footage
10,500
Lot/Acreage
0.53
County
Penobscot
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Heat Pump
- Heating: Hot Water,Heat Pump,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Near Turnpike/Interstate,Downtown,Near Shopping
- Garage Capacity: N/A
- Zoning: Village commercial
- Roof: Membrane
- Others:
- Sewer: Public Sewer
- Parking Features: On Site
Financial Details
- Tax Amount: $6,356
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Listing Location
Questions About..
161 Main St Newport, ME 04953
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