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6-Unit Mixed-Use Property

317 Main Street, Bingham, ME 04920

For Sale
$75,000

Two ground-floor commercial spaces sit below four apartments, including one storefront configured for laundromat use.

Property Size6,000 SF
Price / SF$12.50
Days on Market284

Property Features for 317 Main Street

General Information

Standard status Active
Size 6,000 SF
Property subtype Commercial
Zoning Commercial

Property Condition

Severity Repairs Needed
Evidence in need of some renovations

Units

Unit Mix 2 x 2BR/1BA, 1 x 4BR/2BA, 1 x 1BR/1BA
Multifamily Units 4

Additional Details

Mixed-Use Components retail, residential

Taxes and HOA fees

Annual Taxes $734

Building Details

Building Size 6,000 SF
Year Built 1950
Buildings 1
Stories 3
Tenancy Multi
Listing Agency: Keller Williams Realty
Listed By: Jacquelynne Rivers
Source: Amerorealty
Added: Jan 30 Changed: Nov 7 Last Checked: Nov 8 at 9:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty

Rey
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Investment Insights

Based on property information with market context.

At 317 Main Street, this 6,000-square-foot mixed-use building combines two ground-floor commercial units with four apartments. One commercial space was designed for laundromat use but has not been operated as one by the current owners. The residential mix includes a first-floor two-bedroom, one-bath apartment requiring renovation, plus three second-level apartments: four bedrooms and two baths, two bedrooms and one bath, and one bedroom and one bath. The four-bedroom and two-bedroom units are described as being in near-rental condition. The building dates to 1950 and is zoned Commercial.

The property is in downtown Bingham, near a bank, grocery store, NAPA Auto Parts, restaurants, the town office, library, and post office. The Kennebec River is a short distance away. Reported improvements include replacement of the furnace, some flooring and plumbing work, electrical repairs, and new stairs and a deck.

Key Highlights

  • 6,000‑square‑foot mixed‑use building with two commercial spaces and four apartments
  • Commercial zoning
  • One commercial unit was designed for laundromat use

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Auto Repair Shop Grocery & Convenience Store Auto Parts Store Restaurant Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1
Businesses Nearby

Demographics for 04920, ME

1,602
Population
1,298
Households
1.2
Avg Household Size
54
Median Age
12%
College-Educated
91%
High-School Grad
219.8 sq mi
ZIP Area
7
Density / Sq Mi
$43,138
Median Household Income
$34,673
Median Earnings
$827
Median Rent
$108,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two ground-floor commercial spaces sit below four apartments, including one storefront configured for laundromat use.
Where is this mixed-use property located?
The property is located at 317 Main Street Bingham, ME.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: 6,000‑square‑foot mixed‑use building with two commercial spaces and four apartments; Commercial zoning; One commercial unit was designed for laundromat use
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