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Multi-FamilyMELincoln04457442 Broadway, Lincoln, ME, 04457

442 Broadway, Lincoln, ME, 04457

442 Broadway, Lincoln, ME, 04457
2 baths
$529,000
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Basics

  • Date added: Added 15 hours ago
  • Category:
  • Status:
  • Bathrooms: 2
  • Lot size: 5.81 sq ft
  • Year built: 1970
  • Bathrooms Full: 2
  • Lot Size Acres: 5.81 acres
  • Zoning: Commercial
  • County: Penobscot
  • MLS ID: 1657478

Description

  • Description:

    Exceptional investment opportunity with strong income potential and multiple use options. Sitting on 5.81 acres in Lincoln, Maine, this versatile property is currently configured with a thriving first-floor commercial space, and two residential units above, offering the possibility to offset expenses or generate consistent rental income. The main level is presently operated as a chiropractic office featuring multiple treatment rooms, private office, and both a full and a half bath. This space could continue as a professional setting or could be easily converted into an additional residential unit. Upstairs, you will find two updated apartments, each offering one bedroom, an open concept kitchen and living area, a full bath with laundry as well as a an attached storage room. Both units enjoy abundant natural light with an inviting atmosphere. The property also includes four storage units ready to generate additional income, along with an attached garage space ideal for vehicle, boat, or equipment storage. Behind the building is a gravel pad where a mobile home was once placed providing excellent opportunity for another mobile home or future expansion. Set on a spacious, wooded lot, the rear of the property features an old road that could be opened back up for further development or additional building lots. A large parking area provides ample space for commercial or residential use. Conveniently located near local shopping, schools and dining, this property gives you the flexibility, income potential, and room to grow making it an ideal choice for investors or owner-occupants looking to build equity while generating revenue.

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Location

Building Details

  • Building Area Total: 4596 sq ft
  • Number Of Units Total: 2
  • Construction Materials: Vinyl Siding, Wood Frame
  • Architectural Style: Colonial
  • Sewer: Private Sewer
  • Heating: Heat Pump
  • Roof: Metal
  • Foundation Details: Slab
  • Basement:

Amenities & Features

  • Laundry Features: Upper Level
  • Electric: Circuit Breakers
  • Flooring: Vinyl, Carpet
  • Utilities: Utilities On
  • Parking Features: 11 - 20 Spaces, Gravel
  • Garage Spaces: 1
  • WaterSource: Public
  • Interior Features: Shower
  • Lot Features: Open, Level, Wooded, Near Shopping, Near Town
  • Cooling: Heat Pump

Fees & Taxes

  • Gross Income: $26,000

School Information

  • High School District: RSU 67

Miscellaneous

  • Road Surface Type: Paved
  • Pets Allowed: No Restrictions

Courtesy of

  • List Office Name: NextHome Experience

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