Mountain Avenue

Special Purpose for Sale
Also listed as Multi-Family
Catylist Listing ID: 29976385
Building Size (RSF): 4,055 SF
Gross Land Area: 0.24 Acres
Sale Price: $285,000
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/22/2017

Overview / Comments

Lovely Victorian 8-bedroom boarding house currently housing Bates College students. Nicely located near Bates College, Central Maine Medical Center and St. Mary's Hospital. Well maintained building and profitable business, with leases signed for 2017-2018 school year. Cash flow for 2016-2017 is $34,700; 2017-2018 is $35,500. Could also be converted to a two-unit.

Attachments & Media

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Tax ID/APN: 497999
Zoning: OR
Largest Nearby Street: Main Street
Feet of Frontage: 235
Highway Access: Lewiston, Maine, is accessed by I-95.
Airports: Auburn Municipal Airport
Area Description: Located near Bates College, Central Maine Medical Center, St. Mary's Hospital, and downtown Lewiston.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1882
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Off-street paved parking
Heat Type: Oil
Zoning Description: OR
Lot Frontage: 235
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,174 48,051 59,530
Median Age: 32.88 36.79 38.35
Households: 6,778 20,392 25,186


Photograph of Listing Agent

Cheri Bonawitz, CCIM

Cardente Real Estate NECPE Member
© Copyright New England Commercial Property Exchange. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.