9.4% CAP Rate at only 75% occupancy! Three immaculate residential units with attached Retail/Commercial space. The Katahdin House is a multi-use building ideally situated along the Baxter State Park southern access road and boasts 3, 2 & 1 bedroom apartments that are currently leased or avail, as well as, a currently available 1025 sq. ft. attached commercial or retail space. The fully furnished residential units have also previously been used as short term rentals via Airbnb with extra bedding and linens included for potential future AirBnb rentals. Top floor fully furnished 3 bedroom unit is 1,300 sq. ft., full bath, spacious kitchen, and living room. Fully covered stairwell provides access with amply sized landing before entering by large closet with full hook ups for a W/D. Ground floor fully and tastefully furnished 1 bedroom and unfurnished 2 bedroom units with full baths are accessed via a common space vestibule. Attached 1,025 sq. ft. commercial or retail space with unfinished half bath has existing built-in counter space and moveable showcase. 18' high signpost is ready for the new business' signage. The property sits at the edge of town and highly visible along the Katahdin Woods Scenic Byway and gateway to Baxter S.P., the Debsconeag Wilderness Area, West Branch of the Penobscot River, Pemadumcook lakes and the Allagash Wilderness. The location is also a short drive to the newly established KW&W National Monument and town amenities are just minutes away. Recreational enthusiasts and Artists are year-round visitors here and pass by this highly visible location toward their destinations. Hikers, fisherman, campers, boaters, white water adventurers, nature lovers, cyclists and snowmobilers all flock here. Excellent opportunity to start your own business or, relocate an existing one to a tranquil area while occupying one of the units or, as an investment property within a revitalized community. ATV and snowmobile access right from your own front door
Room Features
Basement DescriptionNot Applicable
Lot & Building Features
CoolingA/C Units
Tax Year2024
Taxes Paid$2,995
Unit Features
Unit 1 Full Baths1
Unit 1 of Bedrooms3
Unit 1 of Rooms6
Unit 2 Full Baths1
Unit 2 of Bedrooms2
Unit 2 of Rooms4
Unit 3 Full Baths1
Unit 3 of Bedrooms1
Unit 3 of Rooms3
Unit 4 Half Baths1
Unit 4 of Rooms1
Price History of 235 Bates Street, Millinocket, ME
Date
Name
Price
Difference
11/22/2024
Listing Price
$219,900
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
235 Bates Street (MLS #1610015) is a colonial, multi-level multi-family listing located in Millinocket, ME.
This multi-family listing is 3,485 sqft and on a lot of 13,068 sqft (or 0.30 acres) and is 54 years old. This property was listed on 11/22/2024 and has been priced for sale at $219,900.
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.