Newport, ME 04953,161 Main ST
Newport, ME 04953,161 Main ST
Newport, ME 04953,161 Main ST
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Wed
7
Jan
Thu
8
Jan
Fri
9
Jan
Listed by Better Homes & Gardens Real Estate/The Masiello Group • melissabartlett@masiello.com
$2,200,000
10,500 SqFt

UPDATED:

Key Details

Property Type Commercial Sale

Sub Type Multi Family

Listing Status Active

Square Footage 10,500 sqft

MLS Listing ID 1640973

HOA Y/N No

Year Built 1900

Annual Tax Amount $6,356

Tax Year 2025

Lot Size 0.530 Acres

Acres 0.53

Property Sub-Type Multi Family

Source Maine Listings

Land Area 10500

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.

Location

State ME

County Penobscot

Zoning Village commercial

Rooms

Basement Full, Unfinished

Interior

Heating Hot Water, Heat Pump, Baseboard

Cooling Heat Pump

Equipment Cable

Exterior

Parking Features On Site

Utilities Available 1

View Y/N No

Roof Type Membrane

Building

Lot Description Near Turnpike/Interstate, Downtown, Near Shopping

Building Description Brick,Steel Frame, Sprinkler - Wet

Story 3

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Structure Type Brick,Steel Frame

Others

Energy Description Electric, Gas Bottled

Virtual Tour https://www.propertypanorama.com/instaview/mreis/1640973


Read Less Info
Maine MLS (MREIS) IDX
Monet Yarnell

GET IN TOUCH

Name
Phone*
Message