Price Reduced 6.35%

$1,475,000

Pending

Est. Mortgage $0/mo *

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Price History

$1,575,000
8/7/2024

$1,475,000
10/15/2024

280 Lincoln Street, South Portland, ME, 04106

280 Lincoln Street, South Portland, ME, 04106
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7 Full baths

1900

Multi-Level

9,854 sqft

Located in South Portland's Ligonia neighborhood, this is a unique opportunity to purchase a turnkey 7-unit residential apartment building and a 5,582 SF flex building, currently with 7-commercial tenants. The apartment building is in great condition, with many renovated units, two newer boilers, a brand-new deck, fresh paint and replacement windows. The flex building is divided into 7 studios/workshops, currently occupied by long term artists and ''maker'' tenants on an at-will basis. The owner occupies one of the commercial units as a workshop and can either remain as a tenant or vacate for a new owner. This property is ideal as a fully occupied investment or for an owner-user seeking shop space while offsetting occupancy costs with rental income.

Status:

Pending

Type:

Multi-family

Units:

14

Zoning:

A

Heating:

Baseboard

Cooling:

None

Basement:

Interior Entry, Unfinished

Parking:

11 - 20 Spaces, Gravel, Paved

Acreage:

0.69

Est. Taxes:

$13,892

Construction

Wood Siding, Vinyl Siding, Clapboard, Wood Frame

Utilities

Utilities On

Lot Description:

Level, Open Lot, Near Turnpike/Interstate, Near Town

MLS #:

1599566

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Vitalius Real Estate Group, LLC