Price Reduced 4.16%
Price History
$385,000
2/24/2024
$369,000
6/15/2024
5 Water Street, Newport, ME, 04953
1900
8,832 sqft
This opportunity does not come often. Add this building to your portfolio or great for the beginning of an investment. This owner has put life back into this property and it has been reformed over the years and the character is endless. What a nice addition to the town of Newport. This building has 3 floors and filled with business and residential. In this 9000 sq foot building we have a Specialty store, a dance studio, 2 large residential apartments and several small professionals providing their own services. It also has a few areas that can become more rental opportunities. In 2009 a new metal roof was put on and in 2017 the second and third floors were provided with their own Rinnia heaters and bathrooms have been updated. All the tenants are requesting to stay so the income will keep coming and the potential for more is evident. Look to your backyard to sit by the Sebasticook River that runs by, Sitting in the heart of Newport the amenities are endless.
Status:
Active
Type:
Commercial
Zoning:
Comm-Mixed
Frontage:
61
Heating:
Multi-Zones
Cooling:
None
Basement:
Full
Parking:
Other
Acreage:
0.12
Construction
Vinyl Siding, Wood Frame
Lot Description:
Business District, Near Shopping
Waterfront:
Yes
MLS #:
1582854
Community Info
School Info
Walk Score
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Listing courtesy of CENTURY 21 Queen City Real Estate