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Livermore Falls,ME 04009
Key Details
Property Type Commercial Sale
Sub Type Mixed Use
Listing Status Pending
Square Footage 8,694 sqft
Price per Sqft $37
MLS Listing ID 1621734
Year Built 1890
Annual Tax Amount $1,266
Tax Year 2024
Lot Size 4,791 Sqft
Property Sub-Type Mixed Use
Property Description
See MLS#1621732 for more details. Great investment potential. Building is roughly 8,700 SF and currently has 4 commercial spaces and 3 apartments with the potential to add 3 more apartments on the second floor or additional commercial space. Engineering/Architectural drawings are included to turn the second floor space into an event center upon request. Potential to add additional commercial space in basement as well with its own kitchenette only requiring minimal buildout. Building comes with parking lot in back and the potential to purchase an additional attached parking lot from the City for $15,000 per current owner.
(2) of the (4) commercial units are presently occupied by an insurance agency and a therapist. (1) of the (3) residential units are presently occupied. Rent on all units is at $700 per month. With a current rental income is $2,100 per month and a potential income of $4,900 per month ($58,800/Yr) at the current rates and in its current state. Operating expenses are roughly $21,000 per year
Please see MLS multi-family listing #1621732 for additional information.
Location
State ME
County Androscoggin
Zoning Commercial
Interior
Heating Zoned,Hot Water,Heat Pump,Baseboard
Flooring Wood,Vinyl,Concrete,Carpet
Equipment Internet Access Available
Exterior
Parking Features 11 - 20 Spaces
Utilities Available 1
View Y/N No
Roof Type Membrane
Building
Lot Description Water View,Downtown,Near Shopping
Story 3
Foundation Block,Stone,Granite
Sewer Public Sewer
Water Public
Structure Type Brick,Masonry,Wood Frame