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234 Main Street, Lovell, ME 04051

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For Sale

$350,000

3 baths • 3,400 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $102.94
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Commercial Multi-Family Mixed-Use Property For Sale A Prime Investment Opportunity Nestled in a bustling neighborhood, a unique commercial multi-family mixed-use property is now available for sale. This property presents an exceptional investment opportunity, combining commercial space with residential rentals, ensuring a steady income stream. The Commercial Floor The first floor of this property has a rich history, having housed a successful convenience store and restaurant for many years. Although currently closed, the business can be effortlessly revived, thanks to the inclusion of all store and restaurant equipment with the sale. This turn-key opportunity means that entrepreneurs can hit the ground running without the hassle of sourcing and purchasing new equipment. The space is not limited to a convenience store and restaurant; it is also well-suited for general retail. With its prominent location and the adaptability of the space, a variety of businesses could thrive here, from boutique shops to service providers. The adaptable layout can accommodate different retail needs, making it an attractive option for potential tenants or owner-operators. The Residential Floor Above the commercial space, the second floor comprises three fully occupied apartments, adding another layer of financial stability to the property. These well-maintained units provide comfortable living spaces, ensuring high tenant retention and demand. Apartment 1: A spacious two-bedroom, one-bathroom unit, perfect for small families or roommates. Apartment 2: Another well-appointed two-bedroom, one-bathroom unit, offering similar amenities and comfort. Apartment 3: A cozy one-bedroom, one-bathroom unit, ideal for singles or couples. Investment Potential This property is a lucrative investment opportunity. The combination of commercial and residential spaces ensures diversified income, reducing risk and maximizing returns.
MLS# 1614504

Courtesy Of Keller Williams Realty
Keller Williams Realty, Portland, ME 04102
(207) 879-9800

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Floor Covering
    Laminate
  • Lot Size
    0.38 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 234 Main Street, Lovell, ME 04051

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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