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5 Water Street

Newport, ME 04953
  • $369,000
  • STATUS: Active
  • MLS #: 1582854
UPDATED: 64 min ago
$369,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,832
    SQFT
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

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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.

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Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & 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. Data last updated: 2024-06-23T10:51:59.95.
www.davidmarshallteam.com/homes/147911258
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5 Water Street Newport, ME 04953

  • Price: $369,000
  • Status: Active
  • On Site: Days
  • Updated: 64 min ago
  • MLS #: 1582854
0
Beds
0
Baths
0
½ Baths
0.12
Acres
8,832
SQFT
$42
$/SQFT
1900
Built
County:
Penobscot
Area:
Newport
Property 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.
Exterior Features

Construction Materials Vinyl SidingWood Frame Foundation Details Concrete Perimeter Lot Features Business DistrictNear Shopping Parking Features Other Roof MetalPitched Waterfront Features River Waterfront YN Yes

Interior Features

Basement Full Cooling None Cooling YN No Flooring Other Heating Multi-Zones Heating YN Yes

Property Features

Association YN No Electric Circuit Breakers Heat Fuel Propane YN Yes Land Lease YN No Property Sub Type General Commercial Sewer Public Sewer Water Source Public Zoning Comm-Mixed

Maine Real Estate Information Systems logo Listing provided courtesy of CENTURY 21 Queen City Real Estate: .

© 2024 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.
Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & 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. Data last updated: 2024-06-23T10:51:59.95.
 
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The David Marshall Team | eXp Realty, LLC
533 Congress Street
Portland ME, 04101
Mortgage Calculator tool is provided by BoomTown.