25 Main Street $275,000

25 Main Street Searsport, ME 04974

Year Built: 1900
Square Footage: 3300 sq ft
Lot Size (Acres): 0.05
Rooms: 1
Baths: 7; ½ Baths: 1
Mixed use multi-family and commercial Main Street Storefront/Office, includes 5 residential rentals on 2nd and 3rd floors. Commercial storefront offers sidewalk entrance and large, Main Street facing windows. 2 Rooms in rear, large front open space and 1/2 bath. Main St and U.S. Route 1 traffic, lends this commercial unit to office or small retail. Previously an internet cafe, bakery. H&R Block type office, salon, cafe, book & toy store, any small business will surely appreciate high foot traffic. All North- East bound traffic from the Mid Coast Region, headed towards Acadia National Park, will pass by this building. High traffic counts. The rental income offers 9% Cap Rate making this a worthy investment. Contact us for detailed P&L. For the new entrepreneur, utilize the 1st floor as your business with the rentals paying your mortgage. Good rates and terms available for small business loans right now so don't delay.NOTE:THIS MLS LIMITS MIXED USE INPUT SPECIFICS. 5 RES UNITS & 1 COMM
 

Town: Searsport
Zoning: Searsport
Taxes: $4,779
Tax Year: 2018
MLS ID: 1410194
Rooms: 1
½ Baths: 1
Virtual Tour URL: Click Here
Fran Riley
United Realty
207-338-6000
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Fran first became a licensed Realtor in 1986 with Weaver Associates. In 1990, she opened United Realty of Maine, LLC, DBA/ United Realty. In 2003, her Son, Roland Littlefield, joined the company and now Fran and Roland own the company jointly. "Our commitment and dedication may be matched by other Realtors but not surpassed. We understand buying and selling real estate is an important decision & investment and we strive to assist buyers and sellers with all their needs. No one will work harder for you!" Looking for experience? Look to United! We're here for you.