Coastal Mixed Use Opportunity

Multi-Family for Sale
Catylist Listing ID: 30774175
Property Subtypes: Mixed Use, Other
Number of Units: 7 Units
Building Size (RSF): 5,191 SF
Gross Land Area: 0.13 Acres
Sale Price: $1,250,000
Unit Price: $178,571.43 Per Unit
Property Use Type: Investment
Building Name: 10 Oak St
Usable Size (USF): 5,191 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/12/2021

Overview / Comments

10 Oak Street is a mixed use investment property consisting of 6 residential and 1 commercial retail unit set in the heart of downtown Boothbay Harbour, Maine. This property benefits from high visibility, on site parking, numerous renovations and improvements, and a history of stable income. This is an excellent opportunity to acquire a quality asset and take advantage of todays very strong rental property market, in a vibrant coastal market poised to remain an attractive investment for years to come.

Additional Details

Nearest MSA: Portland-South Portland
County: Lincoln
Tax ID/APN: 019-157-A
Zoning: COMMERCIAL
Property Condition: Good
Number of Stories: 2
Year Built: 1920
Parking Type: Surface
Parking Description: The property has eight surface spaces for tenants. Off street parking is available. Metered during peak tourist season from May to October, free from November to April
Heat Source: Baseboard
Fuel: Propane
Zoning Description: Downtown Business C
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,235 4,623 7,501
Median Age: 55.8 54.52 53.84
Households: 620 2,226 3,533

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