Professional Offices and Residential Apartments

Multi-Family for Sale
Catylist Listing ID: 30336281
Property Subtypes: Mixed Use, Other
Number of Units: 6 Units
Building Size (RSF): 6,490 SF
Gross Building Area: See Agent
Gross Land Area: 0.90 Acres
Sale Price: $725,000
Unit Price: $120,833.33 Per Unit
Property Use Type: Investment, Business
Sale Terms: Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 12/13/2018

Overview / Comments

41 Main Street is one of the finest examples of architecture in the Town of Topsham and as was recently stated by the Town's Historic Commission: "If not the most prominent structure in Topsham, it is one of the four most prominent". Today there are three furnished apartments and five professional offices. There is a strong track record of rental income and considerable opportunity for additional revenue. A grand example of craftsmanship when it was originally built, most recently the building has been owned by an attentive architect and will be the pride of the next owner.

Additional Details

Nearest MSA: Portland-South Portland
County: Sagadahoc
Tax ID/APN: TOPM-000006-000000-000049U
Zoning: BUSINESS- HISTORIC
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 1800
Construction/Siding: Wood Siding
Exterior Description: Large white New Englander with attached barn and off-street paved parking lot.
Parking Type: Surface
Parking Description: Paved parking lot.
Total Parking Spaces: 10
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Other
Fuel: Gas
Air Conditioning: Other
Interior Description: Three professional offices and three residential apartments. Barn space empty and available for expansion.
Zoning Description: Business with Historic overlay.
Water Service: None
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,381 20,408 29,144
Median Age: 41.91 42 42.66
Households: 2,723 8,602 12,156

Contact

Photograph of Listing Agent

Chris Sullivan

Vitalius Real Estate Group
NECPE Member
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