Commercial for Sale: 58 Main Street, Oakland, ME 04963 SOLD

$392,500
$392,500
58 Main Street, Oakland, ME 04963 SOLD
$392,500
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Selling Price: $392,500
Original List Price: $439,900
Sold at 89.2% of list price
Sold Date: 01/31/2025

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Type Commercial
Square Feet 6,452 sqft
Lot Size 0.09 acres
Year Built 1890
Taxes Paid $3,214
City Oakland
County Kennebec
MLS 1592739
Status Closed
Looking for an investment property with good positive cash flow? Being sold at an impressive 8.5% cap rate! Modified Gross Income of $59,280 and $22,659 in expenses. How about a highly visible (4,800 daily traffic count) space to open or expand your own business? You will want to see this Commercial Building with Residential income as well. First Floor features 4 commercial spaces while the second and third floor have spacious residential units. One residential unit has 4 bedrooms and 2 bathrooms, the other has 2 bedroom and one bath, each unit has its own laundry hook up. New boilers in 2019, new heat pumps for the residential units in 2023. Lots of electrical and cosmetic updates over the past 3 years.

Room Features

Basement Description Full, Walk-Out Access, Unfinished

Lot & Building Features

Cooling Heat Pump
Tax Year 2023
Taxes Paid $3,214

Price History of 58 Main Street, Oakland, ME

Date Name Price Difference
12/09/2024 Listing Price $392,500 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Harold Buddy Pope
Direct: 603-562-5186
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Surette Real Estate, Jeffrey Jolicoeur 207-873-5634
Sold by Real Broker, Corey Lee 207-272-3984
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0.81885350318471%
6.75%
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Listing information courtesy of: Surette Real Estate

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.