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Listed by Jaime Gilbert NextHome Experience
$499,000
Est. payment /mo
2 Baths
4,596 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,596 sqft
Price per Sqft $108
MLS Listing ID 1657478
Full Baths 2
HOA Y/N No
Year Built 1970
Tax Year 2025
Lot Size 5.810 Acres
Acres 5.81
Source Maine Listings
Land Area 4596
Property Description
Exceptional investment opportunity with strong income potential and multiple use options. Sitting on 5.81 acres in Lincoln, Maine, this versatile property is currently configured with a thriving first-floor commercial space, and two residential units above, offering the possibility to offset expenses or generate consistent rental income. The main level is presently operated as a chiropractic office featuring multiple treatment rooms, private office, and both a full and a half bath. This space could continue as a professional setting or could be easily converted into an additional residential unit. Upstairs, you will find two updated apartments, each offering one bedroom, an open concept kitchen and living area, a full bath with laundry as well as a an attached storage room. Both units enjoy abundant natural light with an inviting atmosphere. The property also includes four storage units ready to generate additional income, along with an attached garage space ideal for vehicle, boat, or equipment storage. Behind the building is a gravel pad where a mobile home was once placed providing excellent opportunity for another mobile home or future expansion. Set on a spacious, wooded lot, the rear of the property features an old road that could be opened back up for further development or additional building lots. A large parking area provides ample space for commercial or residential use. Conveniently located near local shopping, schools and dining, this property gives you the flexibility, income potential, and room to grow making it an ideal choice for investors or owner-occupants looking to build equity while generating revenue.
Location
State ME
County Penobscot
Zoning Commercial
Direction Get off of the interstate in Lincoln. Go to the light. Take right and office is up on the left. Sign is up. GPS.
Rooms
Basement Not Applicable
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Carpet, Vinyl, Linoleum
Furnishings Unfurnished
Exterior
Garage Spaces 1.0
Utilities Available Utilities On
Roof Type Metal
Garage Yes
Building
Water Public
Architectural Style Colonial
Schools
School District Rsu 67
Others
Tax ID LNCN-000046-000000-000042
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Nearby School & Business