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161 Main Street, Newport, ME, 04953 | $2,200,000
Unlock the potential of this Commercial property Renovations have started but aren't completed on this 11-unit apartment building property in the heart of Newport. Perfect for investors looking for an opportunity with much of the major work already done.
Key Features & Improvements:
New roof, windows, and electrical entrances.
Upgraded electrical systems.
New boiler and substantial plumbing work completed.
Sprinkler system already installed.
Generous off-street parking.
With most of the major infrastructure already in place, this property is primed for the finishing touches. The first floor could be completed and could be rented out quickly to begin generating income while finishing the remaining units.
Endless Potential: Five units with 1- bed/1 bath, 5- 2 bed/ 1 bath and 1 -3 bed/ 2 bath.
Don't miss this chance to capitalize on a project with strong bones and serious potential.
Features
- Property Type: Multi Family
- Construction: Brick, Steel Frame
- Parking: On Site
- Heating: Hot Water, Heat Pump, Baseboard
- Cooling: Heat Pump
- Zoning: Village commercial
- Year Built: 1900
- Approx Sq. Feet: 10,500
- Acreage: 0.53
- Est. Taxes: $6,356
- Lot Desc: Near Turnpike/Interstate, Downtown, Near Shopping
- MLS#: 1640973
- Website: https://www.raveis.com
/prop/1640973/161mainstreet_newport_me?source=qrflyer
 | Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. |  |
Listing courtesy of Better Homes & Gardens Real Estate/The Masiello Group
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