Multi-Use Commercial Property for Sale or Lease

Multi-Family for Sale
Catylist Listing ID: 30860046
Property Subtypes: Mixed Use
Number of Units: 2 Units
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Sale Price: $1,385,000
Unit Price: $692,500 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2023

Overview / Comments

This unique and expansive 40-acre property, situated in the western foothills of the White Mountains, just 15 minutes from North Conway and Fryeburg and only five minutes from Stone Mountain Arts Center, has functioned as a timber framing school and production shop for 25 years.

The principal structures on the property Include:
1) a 1,800 +- sq ft, 3 bedroom 1-1/2 bath period reproduction traditional timber framed saltbox/cape farmhouse.
2) a 1,300 +- sq ft, 2 bedroom, 1 bath traditional thatch-roofed cottage.
3) a 1,600 +- sq. ft. clearspan timber frame shop/barn with a large laydown area
4) a 1,400 +- sq ft hammer-beam style carriage house with an attached carriage shed and covered storage area.
5) a 1,200 +- sq ft thatched roof outbuilding

35 acres are in tree growth as a registered Maine Tree Farm with 300,000 board feet of mature eastern white pine.

The new owner can generate income from day one by leasing the houses and commercial shop, logging the white pine, or they can utilize as an owner-user.

There is an opportunity to subdivide the property to create additional house lots but would need town approval.

Additional Details

Nearest MSA: Portland-South Portland
County: Oxford
Tax ID/APN: BRWF-000013R-000000-000050-B000000
Zoning: N/A
Total Number of Buildings: 5
Property Condition: Good
Roof Type: Other
Water Service: Well
Sewer Type: Septic
Easements: Ingress/Egress
Easements Description: Access through the property to abutting land.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,597 3,606
Median Age: 44.63 44.52
Households: 662 1,508


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