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58 Main ST Oakland, ME 04963
SOLD DATE : 01/31/2025Want to know what your home might be worth? Contact us for a FREE valuation!
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Key Details
Sold Price $392,500
Property Type Commercial Sale
Sub Type General Commercial
Listing Status Sold
Square Footage 6,452 sqft
MLS Listing ID 1592739
Sold Date 01/31/25
HOA Y/N No
Originating Board Maine Listings
Year Built 1890
Annual Tax Amount $3,214
Tax Year 2023
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type General Commercial
Property Description
Looking for an investment property with good positive cash flow? Being sold at an impressive 8.5% cap rate! Modified Gross Income of $59,280 and $22,659 in expenses. How about a highly visible (4,800 daily traffic count) space to open or expand your own business?
You will want to see this Commercial Building with Residential income as well. First Floor features 4 commercial spaces while the second and third floor have spacious residential units. One residential unit has 4 bedrooms and 2 bathrooms, the other has 2 bedroom and one bath, each unit has its own laundry hook up. New boilers in 2019, new heat pumps for the residential units in 2023. Lots of electrical and cosmetic updates over the past 3 years.
Location
State ME
County Kennebec
Zoning none
Rooms
Basement Walk-Out Access, Full, Unfinished
Interior
Heating Other, Multi-Zones, Hot Water, Heat Pump, Baseboard
Cooling Heat Pump
Flooring Wood, Vinyl, Carpet
Exterior
Parking Features Other
View Y/N No
Roof Type Other,Shingle
Building
Lot Description Downtown, Near Shopping
Story 2
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Wood Frame
Others
Restrictions Unknown
Energy Description Propane, Oil
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