Multi-Family for Sale: 234 Main Street, Lovell, ME 04051

3 full baths
$350,000
$350,000
234 Main Street, Lovell, ME 04051
3 full baths
$350,000
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Price:
$350,000

Type Multi-Family
Style Multi-Level
Baths 3 full baths
Square Feet 3,400 sqft
Lot Size 0.38 acres
Year Built 1865
Taxes Paid $1,804

City Lovell
County Oxford

MLS 1614504
Status Active
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 Description None, Not Applicable

Lot & Building Features

Cooling A/C Units
Tax Year 2023
Taxes Paid $1,804

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 2
Unit 1 of Rooms 4
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
Unit 2 of Rooms 4
Unit 3 Full Baths 1
Unit 3 of Bedrooms 1
Unit 3 of Rooms 3

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.

Map of 234 Main Street, Lovell, ME

Location Map Street View
Photo of Elena Kosky
Direct: 603-738-6428
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Keller Williams Realty, Edward Larochelle 207-879-9800
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0.51542857142857%
6.75%
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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.

Nearby zip codes are 04009, 04037 and 04040. This property neighbors other cities such as Bridgton, Fryeburg, Stow and Sweden.

MREIS

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.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Keller Williams Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2025 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.