Bought with Keller Williams Realty
$1,400,000
$1,475,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
280 Lincoln ST South Portland, ME 04106
7 Baths
9,854 SqFt
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Listing Status Sold
Square Footage 9,854 sqft
MLS Listing ID 1599566
Sold Date 01/31/25
Style Multi-Level
Full Baths 7
HOA Y/N No
Abv Grd Liv Area 9,854
Year Built 1900
Annual Tax Amount $13,892
Tax Year 2024
Lot Size 0.690 Acres
Acres 0.69
Source Maine Listings
Land Area 9854
Property Description
Located in South Portland's Ligonia neighborhood, this is a unique opportunity to purchase a turnkey 7-unit residential apartment building and a 5,582 SF flex building, currently with 7-commercial tenants. The apartment building is in great condition, with many renovated units, two newer boilers, a brand-new deck, fresh paint and replacement windows. The flex building is divided into 7 studios/workshops, currently occupied by long term artists and ''maker'' tenants on an at-will basis. The owner occupies one of the commercial units as a workshop and can either remain as a tenant or vacate for a new owner. This property is ideal as a fully occupied investment or for an owner-user seeking shop space while offsetting occupancy costs with rental income.
Location
State ME
County Cumberland
Zoning A
Rooms
Basement Interior Entry, Unfinished
Interior
Heating Baseboard
Cooling None
Flooring Laminate, Concrete
Exterior
Parking Features 11 - 20 Spaces, Gravel, Paved
Utilities Available 1
View Y/N No
Roof Type Flat,Shingle
Street Surface Paved
Garage No
Building
Lot Description Level, Open Lot, Near Turnpike/Interstate, Near Town
Sewer Public Sewer
Water Public
Architectural Style Multi-Level
Structure Type Wood Siding,Vinyl Siding,Clapboard,Wood Frame
Others
Energy Description Gas Natural
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