$369,000
( $41.78Per Sq Foot )
 $1,981 est/mo Sourced by Back At You

5 Water Street , Newport, ME 04953

Newport, ME 04953

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Description

This opportunity does not come often. Add this building to your portfolio or great for the beginning of an investment. This owner has put life back into this property and it has been reformed over the years and the character is endless. What a nice addition to the town of Newport. This building has 3 floors and filled with business and residential. In this 9000 sq foot building we have a Specialty store, a dance studio, 2 large residential apartments and several small professionals providing their own services. It also has a few areas that can become more rental opportunities. In 2009 a new metal roof was put on and in 2017 the second and third floors were provided with their own Rinnia heaters and bathrooms have been updated. All the tenants are requesting to stay so the income will keep coming and the potential for more is evident. Look to your backyard to sit by the Sebasticook River that runs by, Sitting in the heart of Newport the amenities are endless.

Details

MLS#1582854
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site252
Listing Provided ByCENTURY 21 Queen City Real Estate | Karen Burns

Features

SQ Feet8,832
BasementY
ZoningComm-Mixed
Acreage0.12
Water FrontRiver

Market Activity 04953

    
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved.

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Learn More About This Property

StateME
CountyPenobscot
CityNewport
Zip Code04953
Listing VS Median (in 04953)
Price:
$369,000
low | high
Med:
$337,450
58.550135501355% of Average
SqFt:
8,832
low | high
Med:
1,348
100% of Average
$ / SqFt:
$42
low | high
Med:
$257
100% of Average
On Site:
252
low | high
Med:
44.000000
100% of Average
Sourced by Back At You
Listing Updated: September 9, 2024 at 11:19:33 AM PDT