ME > Houlton
Houlton, ME 04730,13-31 Market SQ
Houlton, ME 04730,13-31 Market SQ
Houlton, ME 04730,13-31 Market SQ
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Monet Yarnell

Monet Yarnell

+1(207) 461-4740
Listed by Trinity Business Brokers
$1,500,000
27,324 SqFt
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UPDATED:

Key Details

Property Type Commercial Sale

Sub Type Mixed Use

Listing Status Active

Square Footage 27,324 sqft

MLS Listing ID 1617458

HOA Y/N No

Originating Board Maine Listings

Year Built 1889

Annual Tax Amount $19,597

Tax Year 2024

Lot Size 0.850 Acres

Acres 0.85

Property Sub-Type Mixed Use

Property Description

Unlock the full potential of 13-31 Market Square, a historic gem located in the heart of Houlton, offering a unique opportunity for developers seeking to capitalize on the town's growing demand for affordable housing. This solid and well-preserved building features established commercial space on the first floor, occupied residential units on the second floor, and a vast, open third floor primed for renovation. With a new membrane roof on one of the two buildings and existing rental income, this property presents an ideal hold-and-renovate opportunity with significant potential to increase value. Envision the possibilities: transform the expansive third floor into modern, highly desirable residential units, and maximize the existing structure's footprint to meet the area's urgent need for quality housing. This is more than an investment; it's a chance to reshape Houlton's landscape and create a thriving residential hub within a historic landmark.
Explore diverse financing avenues for 13-31 Market Square, including options through Genesis Community Loan Fund, in collaboration with Houlton's Economic Development Director, and potential Community Development Block Grants. The property's location within Houlton's TIF district provides access to valuable financial incentives, and developers can leverage Maine Housing's Low-Income Housing Tax Credit program and Rural Affordable Housing Rental Program. Capitalizing on these resources, in partnership with the Economic Development Director, is crucial for maximizing investment and contributing to Houlton's growing community.

Location

State ME

County Aroostook

Zoning Central Business

Rooms

Basement Brick/Mortar, Full, Unfinished

Interior

Heating Zoned, Hot Water, Baseboard

Cooling None

Flooring Wood, Vinyl, Carpet

Exterior

Parking Features 11 - 20 Spaces, On Street

Utilities Available 1

View Y/N No

Roof Type Flat,Membrane,Tar/Gravel

Accessibility 48+ Inch Halls

Building

Lot Description Downtown, Business District, Historic District, Retail Strip

Story 3

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Structure Type Brick,Masonry

Others

Energy Description Oil

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Maine MLS (MREIS) IDX
agent

${companyName}

Phone

+1(207) 461-4740

Address

111 High St, Belfast, ME

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