Commercial for Sale: 5 Water Street, Newport, ME 04953

$369,000
$369,000
5 Water Street, Newport, ME 04953
$369,000
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Price:
$369,000
$16,000 - 06/14/2024

Type Commercial
Square Feet 8,832 sqft
Lot Size 0.12 acres
Year Built 1900

City Newport
County Penobscot

MLS 1582854
Status Active
DOM 274 days
This opportunity does not come often. Add this building to your portfolio or great for the beginning of an investment. This owner has put life back into this property and it has been reformed over the years and the character is endless. What a nice addition to the town of Newport. This building has 3 floors and filled with business and residential. In this 9000 sq foot building we have a Specialty store, a dance studio, 2 large residential apartments and several small professionals providing their own services. It also has a few areas that can become more rental opportunities. In 2009 a new metal roof was put on and in 2017 the second and third floors were provided with their own Rinnia heaters and bathrooms have been updated. All the tenants are requesting to stay so the income will keep coming and the potential for more is evident. Look to your backyard to sit by the Sebasticook River that runs by, Sitting in the heart of Newport the amenities are endless.

Room Features

Basement Description Full

Lot & Building Features

Cooling None

Price History of 5 Water Street, Newport, ME

Date Name Price Difference
06/14/2024 Price Adjustment $369,000 4.16%
02/24/2024 Listing Price $385,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 5 Water Street, Newport, ME

Location Map Street View
Photo of Wayne Bailey
Direct: 603-765-3564
Office
200 Rockingham Road.
Londonderry, NH 03053
603-437-4447
Listed by CENTURY 21 Queen City Real Estate, Karen Burns 207-942-4618
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5 Water Street (MLS #1582854) is a commercial listing located in Newport, ME. This commercial listing is 8,832 sqft and on a lot of 5,227 sqft (or 0.12 acres) and is 124 years old. This property was listed on 02/24/2024 and has been priced for sale at $369,000.

Nearby zip codes are 04928, 04929, 04965, 04967 and 04969. This property neighbors other cities such as Corinna, Detroit, Palmyra, Pittsfield and Plymouth.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: CENTURY 21 Queen City Real Estate

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.