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.
Room Features
Basement DescriptionNone, Not Applicable
Lot & Building Features
CoolingA/C Units
Tax Year2023
Taxes Paid$1,804
Unit Features
Unit 1 Full Baths1
Unit 1 of Bedrooms2
Unit 1 of Rooms4
Unit 2 Full Baths1
Unit 2 of Bedrooms2
Unit 2 of Rooms4
Unit 3 Full Baths1
Unit 3 of Bedrooms1
Unit 3 of Rooms3
Price History of 234 Main Street, Lovell, ME
Date
Name
Price
Difference
02/16/2025
Listing Price
$350,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
234 Main Street (MLS #1614504) is a multi-level multi-family listing located in Lovell, ME.
This multi-family listing is 3,400 sqft and on a lot of 16,553 sqft (or 0.38 acres) and is 160 years old. This property was listed on 02/16/2025 and has been priced for sale at $350,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
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Listing information courtesy of: Keller Williams Realty