Estimated payment $7,448/month
Highlights
- No HOA
- Carpet
- 4-minute walk to S.K. Whiting Park
- Air Conditioning
- Radiator
About This Home
Remarks:Location is everything! Large multi-use Main St commercial building that is convenient to the Union River, library, city offices, 5-star dining, a health food store, several boutiques, speak-easies, bakeries, the post office and all Main St businesses. 108 Main Street is an investor's dream as a historic building in a Main Street America Designation downtown. Over 7000 sq ft of usable space spanning 3 levels. Full occupancy, and tenants that are willing to stay, this building produces viable income with a holistic health practice on Main Street, and has both vacation-based and private short term rentals on the second floor. It also boasts a potential subdivided ground floor office space and partially finished cellar spaces with Main street access to increase rental incomes. In addition, this office has a unique deed that grants 2 free parking spaces in the back of the building, and additional free monitored City Parking in the City Hall Parking Lot. The owners have spared no expense renovating the property, maintaining the plumbing, heating, and electrical, adding high capacity internet, and ensuring the roof has several years of life remaining. With this building, the owners can live and work on Main Street or continue renting the spaces with ''Turn-Key'' income. Call and schedule your walk through today!
Listing Agent
Better Homes & Gardens Real Estate/The Masiello Group Brokerage Email: katieblackwellmiles@masiello.com
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,813
Year Built
- Built in 1933
Lot Details
- 2,614 Sq Ft Lot
Parking
- No Driveway
Home Design
- Brick Exterior Construction
Interior Spaces
- 7,488 Sq Ft Home
- Carpet
- Unfinished Basement
- Interior Basement Entry
Utilities
- Air Conditioning
- Radiator
- Heating System Uses Oil
Listing and Financial Details
- Tax Lot 194
- Assessor Parcel Number ELLH-000136-000194
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $45,710
- Gross Income $127,925
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $5,813 | $336,000 | $58,695 | $277,305 |
| 2022 | $5,275 | $336,000 | $58,695 | $277,305 |
| 2021 | $5,770 | $320,000 | $55,900 | $264,100 |
| 2020 | $6,006 | $320,000 | $55,900 | $264,100 |
| 2019 | $6,019 | $320,000 | $55,900 | $264,100 |
| 2018 | $5,837 | $320,000 | $55,900 | $264,100 |
| 2017 | $5,704 | $317,400 | $55,900 | $261,500 |
| 2016 | $5,612 | $317,400 | $55,900 | $261,500 |
| 2015 | $5,618 | $317,400 | $55,900 | $261,500 |
| 2014 | $5,221 | $317,400 | $55,900 | $261,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/01/2024 11/01/24 | For Sale | $1,250,000 | -- | $167 / Sq Ft |
Source: Maine Listings
MLS Number: 1608395
APN: ELLH-000136-000194-000000-T000275R
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