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Commercial SaleMixed UseMEBrunswick0401119 Mason Street, Brunswick, ME, 04011

19 Mason Street, Brunswick, ME, 04011

19 Mason Street, Brunswick, ME, 04011
$949,900
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Basics

  • Date added: Added 6 months ago
  • Category:
  • Type:
  • Status:
  • Bathrooms: 0
  • Lot size: 0.19 sq ft
  • Year built: 1900
  • Lot Size Acres: 0.19 acres
  • Zoning: Commercial
  • Business Type: Bed & Breakfast, Church, Commercial, Retail, Other
  • County: Cumberland
  • MLS ID: 1625920

Description

  • Description:

    This is a rare opportunity to invest in a prime mixed-use building in the heart of downtown Brunswick. Located in the highly sought-after GM6 District, this expansive property offers nearly 5,000 square feet of space and excellent visibility in a high-traffic area—ideal for residential, commercial, or combined use. Currently configured as 4 units, the building generates a projected gross annual rent of $90,000, resulting in a solid 8% CAP rate. Over the past four years, the property has undergone extensive renovations, including the installation of three new heating systems, the addition and renovation of multiple bathrooms, a full remodel of a two-bedroom, two-bath residential unit, and the installation of new windows. Additional upgrades include construction of a two-story staircase to provide a second egress, exterior painting, foundation repairs, and a storefront conversion. Three long-term tenants are currently in place, with 2 leases secured through 4/27 and 1 lease secured thru 9/28 offering immediate and stable rental income. This well-maintained and versatile building is a standout investment opportunity in a growing and vibrant downtown district. Cross Reference Multi Family Listing : MLS 1562919

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Location

Building Details

  • Building Area Total: 4924 sq ft
  • Construction Materials: Wood Siding, Wood Frame
  • Sewer: Public Sewer
  • Heating: Zoned, Hot Water, Forced Air
  • Stories: 3
  • Roof: Membrane, Metal, Other
  • Foundation Details: Stone, Granite, Brick/Mortar
  • Levels: Multi-Level
  • Basement: , , ,

Video

Amenities & Features

  • Electric: Circuit Breakers
  • Flooring: Wood, Tile
  • Parking Features: 1 - 4 Spaces, Off Site, On Site
  • WaterSource: Public
  • Lot Features: Rail Available, Near Airport, Near Shopping
  • Cooling: Central Air

Fees & Taxes

  • Gross Income: $90,000

Courtesy of

  • List Office Name: EXP Realty

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