Unlock the potential of this Commercial property Renovations have started but aren't completed on this 11-unit apartment building property in the heart of Newport. Perfect for investors looking for an opportunity with much of the major work already done.Key Features & Improvements:New roof, windows, and electrical entrances.Upgraded electrical systems.New boiler and substantial plumbing work completed.Sprinkler system already installed.Generous off-street parking.With most of the major infrastructure already in place, this property is primed for the finishing touches. The first floor could be completed and could be rented out quickly to begin generating income while finishing the remaining units.Endless Potential: Five units with 1- bed/1 bath, 5- 2 bed/ 1 bath and 1 -3 bed/ 2 bath.Don't miss this chance to capitalize on a project with strong bones and serious potential.
Listed By
Agency Name: Better Homes & Gardens Real Estate/The Masiello Group
Agency Contact: melissabartlett@masiello.com
Shown By
Agent Name: Dylan Armstrong
Agent Phone: (207) 441-6095
Agency Title: Sprague and Curtis Real Estate
161 Main Street | MLS# 1640973
This commercial property located at 161 Main Street, Newport, ME 04953 is currently listed for sale with an asking price of $2,200,000. Search Newport real estate on darmstrong.spragueandcurtis.com today.