Estimated payment $7,086/month
Highlights
- No HOA
- Carpet
- 4-minute walk to S.K. Whiting Park
- Cooling System Mounted To A Wall/Window
- Radiator
About This Home
Prime Investment Opportunity on Main Street!
Location is everything and 108 Main Street offers it all. Situated in the heart of a thriving Main Street America Designated downtown, this historic multi-use commercial building boasts over 7,000 sq ft of versatile, income-generating space across three levels. This is truly a turn-key investment opportunity.
Just steps from the Union River, City Hall, the library, 5-star dining, boutiques, speak-easies, bakeries, the post office, and more, this building is at the center of it all—perfect for live/work or income property setups.
Property Highlights:
Spacious ground floor retail space with Main Street frontage
Short-term or long-term rentals on the second floor
Additional retail space on Store St
Partially finished basement with Main Street access for further rental income
Historic charm with modern infrastructure: updated plumbing, heating, electrical, and high-capacity internet
Roof in excellent condition with years of life remaining
2 deeded parking spaces + additional free City Hall lot parking adjacent
Whether you're looking to live and work downtown or continue as an investor, this property is ready to generate income from day one. The current owners have meticulously maintained and updated the building, creating a rare opportunity in one of the most desirable downtown locations.
Listing Agent
Better Homes & Gardens Real Estate/The Masiello Group Listed on: 11/01/2024
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
- Cooling System Mounted To A Wall/Window
- 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 |
|---|---|---|---|---|
| 2024 | $6,649 | $381,040 | $61,490 | $319,550 |
| 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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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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