280 Lincoln Street, South Portland ME, 04106

Active

280 Lincoln Street

South Portland ME, 04106

$1,575,000

Active

7 Baths

9,854 sqft

Multi-family

Built in 1900

Courtesy of Vitalius Real Estate Group, LLC

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.

1599566

MLSⓇ ID

August 7, 2024

Listed

September 13, 2024

Updated

Map

280 Lincoln Street
South Portland ME, 04106

Interior Features

Total Bathrooms: 7
Full Bathrooms: 7
Floor Description: Laminate, Concrete
Fireplace: No
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Baseboard

Exterior/Building Features

Lot Size: 0.69 Acres
Lot Features: Level, Open Lot, Near Turnpike/Interstate, Near Town
Architectual Style: Multi-Level
Roof: Flat, Shingle
Sewer: Public Sewer

Other Property Details

Taxes: $13,892
Tax Frequency: Annually
Garage: No
Parking: 11 - 20 Spaces, Gravel, Paved
View: No
County: Cumberland
Water Source: Public
Pool: No
Zoning: A

Listing Contact: 207-541-3755

Courtesy of Vitalius Real Estate Group, LLC

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Heather Shields shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Data last updated 1:28 PM UTC, 9/13/2024