32-Unit Apartment
New
For Sale
$750,000
1 Highland Avenue, Livermore Falls, ME 04254
Commercial Sale, Livermore Falls, ME
Property Size36,608 SF
Lot Size1.32 Acres
Price / SF$20.49
Days on Market3
Property Features for 1 Highland Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Gen
Rooms
Basement
Basement
Daylight, Walk-Out Access
Lot features
Near Shopping, Suburban
Standard status
Active
Size
36,608 SF
Lot size
1.32 Acres
Taxes and HOA fees
Tax Year
26
Tax Annual Amount
3847
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Natural Gas, Steam, Propane (Heating)
Water source
Public
Amenities
gymnasium
Building Details
Number of units
1
Flooring type
Wood, Concrete, Heavy duty, Carpet
Building materials
Steel Frame, Brick, Other Exterior
Roof type
Membrane, Flat
Listing Agency:
Sprague & Curtis Real Estate
(207) 623-1123
Listed By:
Ann Castonguay
(207) 242-1464
Added: Sep 14
Last Checked: Sep 16 at 3:06AM
MLS# 1680530
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 36,608-square-foot former schoolhouse is planned for conversion into a 32-unit apartment property on 1.32 acres. The proposed mix includes 16 one-bedroom, 12 two-bedroom, and 4 three-bedroom apartments, with at least 8 units designed for ADA compliance. Existing building features and planned improvements include a gymnasium, computer lab, recreation area, laundry facilities, and a three-floor elevator. Blueprints, a site plan, and planning board approval are in place for the project.
The property is located at 1 Highland Avenue in Livermore Falls, Maine, with 43 on-site parking spaces and outdoor green space. The site has public water and public sewer, General zoning, a steel-frame and brick structure, and a flat membrane roof. The building also offers views toward the Androscoggin River.
The property is located at 1 Highland Avenue in Livermore Falls, Maine, with 43 on-site parking spaces and outdoor green space. The site has public water and public sewer, General zoning, a steel-frame and brick structure, and a flat membrane roof. The building also offers views toward the Androscoggin River.
Key Highlights
- 32‑unit apartment project with 16 one‑bedroom, 12 two‑bedroom, and 4 three‑bedroom units
- 36,608‑square‑foot building situated on 1.32 acres
- Blueprints, site plan, and planning board approval completed
Property Analytics
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Current Use
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 04254, ME
3,060
Population
1,676
Households
1.8
Avg Household Size
39
Median Age
16%
College-Educated
93%
High-School Grad
19.7 sq mi
ZIP Area
155
Density / Sq Mi
$44,535
Median Household Income
$31,898
Median Earnings
$823
Median Rent
$162,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Approved redevelopment plans provide a multifamily housing concept with public water, public sewer, parking, and shared amenity areas.
Where is this apartment building located?
The property is located at 1 Highland Avenue Livermore Falls, ME.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 32‑unit apartment project with 16 one‑bedroom, 12 two‑bedroom, and 4 three‑bedroom units; 36,608‑square‑foot building situated on 1.32 acres; Blueprints, site plan, and planning board approval completed
