Commercial for Sale: 280 Lincoln Street, South Portland, ME 04106

$1,475,000
$1,475,000
280 Lincoln Street, South Portland, ME 04106
$1,475,000
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Price:
$1,475,000
$100,000 - 10/15/2024
Est. payment: Skip to Mortgage Calculator

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Type Commercial
Square Feet 9,854 sqft
Lot Size 0.69 acres
Year Built 1900
Taxes Paid $13,892
City South Portland
County Cumberland
MLS 1599569
Status Pending
Located in South Portland's Ligonia neighborhood, this is a unique opportunity to purchase a turnkey 7-unit residential apartment building and a 5,582 SF flex building, currently with 7-commercial tenants. The apartment building is in great condition, with many renovated units, two newer boilers, a brand-new deck, fresh paint and replacement windows. The flex building is divided into 7 studios/workshops, currently occupied by long term artists and ''maker'' tenants on an at-will basis. The owner occupies one of the commercial units as a workshop and can either remain as a tenant or vacate for a new owner. This property is ideal as a fully occupied investment or for an owner-user seeking shop space while offsetting occupancy costs with rental income.

Room Features

Basement Description Unfinished

Lot & Building Features

Cooling None
Tax Year 2023
Taxes Paid $13,892

Price History of 280 Lincoln Street, South Portland, ME

Date Name Price Difference
10/15/2024 Price Adjustment $1,475,000 6.35%
08/07/2024 Listing Price $1,575,000 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 Crystal Perham
Direct: 603-233-0197
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Vitalius Real Estate Group, LLC, Briton Vitalius & Christopher Sullivan 207-541-3755
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6.75%
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280 Lincoln Street (MLS #1599569) is a commercial listing located in South Portland, ME. This commercial listing is 9,854 sqft and on a lot of 30,056 sqft (or 0.69 acres) and is 124 years old. This property was listed on 11/04/2024 and has been priced for sale at $1,475,000.

Nearby zip codes are 04021, 04101, 04102, 04103 and 04107. This property neighbors other cities such as Cape Elizabeth, Falmouth, Portland, Scarborough and Westbrook.

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: Vitalius Real Estate Group, LLC

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. ©2024 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.