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. Seller is a semi-retiring chiropractor and motivated to sell!
91 days
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83
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4
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Zillow last checked:
Listing updated:
Listed by:
NextHome Experience
Source: Maine Listings,MLS#: 1657478
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2
Heating
Heat Pump
Cooling
Heat Pump
Features
Shower
Flooring: Carpet, Vinyl, Linoleum
Interior area
Total structure area: 4,596
Total interior livable area: 4,596 sqft
Finished area above ground: 4,596
Finished area below ground: 0
Property
Parking
Total spaces: 1
Parking features: Gravel, 11 - 20 Spaces
Attached garage spaces: 1
Lot
Size: 5.81 Acres
Features: Near Shopping, Near Town, Level, Open Lot, Wooded
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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