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Listed by Douglas Erickson SVN The Masiello Group
$ 914,000
Est. payment /mo
Active
1642 Atlantic HWY Warren, ME 04864
11,157 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 11,157 sqft
Price per Sqft $81
MLS Listing ID 1672228
HOA Y/N No
Year Built 2009
Tax Year 2025
Lot Size 2.570 Acres
Acres 2.57
Property Sub-Type Investment
Source Maine Listings
Land Area 11157
Property Description
Rare opportunity to acquire a diversified income-producing property consisting of a newly renovated duplex, a commercial building with ten storage/commercial rental units, and a fully renovated single-family residence. Strategically located approximately one mile north of Route 90 and directly across from Ande's Variety & Take Out, one of the area's busiest retail destinations, the property benefits from excellent visibility, strong traffic counts, and a highly desirable commercial location. The duplex is currently undergoing a comprehensive renovation and, upon completion (anticipated in September), will feature two spacious residential apartments designed to attract quality tenants. The first-floor unit includes direct access to an attached two-car garage, while a newly paved driveway and expanded parking area further enhance tenant appeal and marketability. The interior of the single-family residence was extensively renovated approximately one year ago and is currently rented. The commercial building contains ten rental storage/commercial units, providing an opportunity as an established income component while offering flexibility to accommodate a variety of tenants. Combined with the residential units, the property offers a diversified rental portfolio that helps reduce income risk and enhances long-term investment stability. This property presents an outstanding opportunity for investors seeking the ability of having and expanding cash flow investment. When the renovations are completed and the duplex reaches stabilized occupancy, the property is well-positioned to generate increased rental income while benefiting from long-term appreciation. The combination of multiple revenue sources, recent capital improvements, strong location, and limited deferred maintenance creates an attractive investment with excellent potential for both income growth and asset appreciation.
Location
State ME
County Knox
Zoning Rural
Direction Property is located at the intersection of Red Oak Drive and Atlantic Hwy.
Rooms
Other Rooms Barn(s)
Basement Slab
Interior
Heating Electric, Oil, Propane, Forced Air, Heat Pump
Exterior
Parking Features 21+ Spaces, On Site
Roof Type Shingle
Building
Lot Description Rural
Foundation Poured Concrete
Water Public
Others
Tax ID WRRR-000007-000000-000004R
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