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597 Main Street

South Portland

$895,000

beds   ·   2 baths   ·   3,630 sqft   ·   0.16 acres   ·   taxes: $9,062   ·   MLS#: 1665990

Exceptional Mixed-Use Investment Opportunity in South Portland Rare opportunity to acquire a well-maintained, income-producing mixed-use property in a highly visible Main Street location. This versatile three-unit building offers a diversified income stream with a gross annual income of $70,800, anchored by an established medical office occupying the entire first floor, providing the benefit of stable commercial tenancy. The two residential units above provide additional rental income and strong tenant appeal. Each residential unit features its own washer and dryer, while tenants are responsible for their own heat and electricity -- helping reduce owner expenses and maximize net operating income. Meticulously cared for and truly turnkey, the property offers desirable amenities including off-street parking for up to three residential vehicles, additional on-street parking for tenants, clients, and guests, and convenient access to public transportation. Ideally positioned along South Portland's Main Street corridor, this property is close to local businesses, shopping, dining, downtown Portland, major commuter routes, and area amenities. With proven rental history, strong tenant demand, diversified commercial and residential income, and excellent visibility, this is a rare opportunity to own a stable, cash-flowing investment property in one of Southern Maine's most desirable markets.

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1920
  • Style : Colonial
  • Flooring : Carpet, Linoleum, Luxury Vinyl
  • Roof : Shingle
  • Basement : Exterior Entry, Interior Entry, Full, Unfinished, Brick/Mortar
  • Heating : Electric, Heat Pump
  • Cooling : Heat Pump

Site

  • Water Source : Public
  • Sewer : Public Sewer
  • Zoning : LB
  • Other Structures : Shed(s)
  • Road Surface Type : Paved
Listing provided by Dream Home Realty LLC

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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Camden Real Estate participates in MREIS' Maine Internet Data Exchange (Maine IDX) program, allowing us to display other Maine IDX Participant's Listings. We have chosen, however, to limit the Listings shown on this page to only those Listings meeting the following criteria: listings in Maine only.


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© Camden Real Estate Company
43 Elm Street
Camden, Maine 04843
207.236.6171
info@camdenre.com
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43 Elm Street Camden, Maine 04843
207.236.6171     info@camdenre.com
   
© Camden Real Estate Company
privacy policy