Renovated Mixed-Use Income
For Sale
$4,100,000
34 Abbott Street, Brewer, ME 04412
Completely renovated building with 13 commercial suites, four apartments, and on-site coin laundry, with tenants paying utilities.
Property SizeContact for details
Days on Market54
Property Features for 34 Abbott Street
General Information
Standard status
Active
Zoning
Commercial
Occupancy
98%
Units
Multifamily Units
4
Office Units
13
Taxes and HOA fees
Annual Taxes
$54,909
Amenities
Yes
Active
2012
yes
2
Concrete
23000
Central Air
Gas Natural, Blowers, Heat Pump
20000
14
3500
Natural - On Site
Flat, Membrane
Public Sewer
Circuit Breakers
Bus Line, Business District, Industrial Park, Near Shopping, Near Turnpike/Interstate, Near Airport
Public
6.01
Acres
21+ Spaces, Off Site, Paved
150
261795.6
Building Details
Year Built
1955
Year Renovated
2012
Stories
2
Tenancy
Multi
Listing Agency:
(207) 832-1424
Listed By:
Midcoast Realty Group
(207) 832-1424
Source:
Mrgmaine.idxbroker
Added: Jun 30
Changed: Aug 8
Last Checked: Aug 21 at 3:53AM
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 Midcoast Realty Group
Investment Insights
Based on property information with market context.
This completely renovated mixed-use income property was updated in 2012 and includes 13 commercial suites leased to seven commercial tenants. The second floor has four modern apartments: three two-bedroom units and one one-bedroom unit. Each apartment includes a dishwasher and ice maker, and the building offers on-site coin laundry for residents and tenants. The operating model places responsibility for heat, lights, A/C, and electricity with the individual tenants.
Reported occupancy has been at 98% for 14 years, and the current NOI is stated as $294,858. The asset is described as being in great condition, with rents believed to be below market. No association is noted.
For buyers seeking an income-producing property with both commercial tenancy and residential living units, the mix of leased suites and apartments provides operational diversification within a fully renovated building. Tenants and residents benefit from in-unit amenities in the apartments and convenient on-site coin laundry. With utilities handled by each tenant, the day-to-day expense profile can be more straightforward than properties where the owner pays for heat, electricity, or cooling.
Reported occupancy has been at 98% for 14 years, and the current NOI is stated as $294,858. The asset is described as being in great condition, with rents believed to be below market. No association is noted.
For buyers seeking an income-producing property with both commercial tenancy and residential living units, the mix of leased suites and apartments provides operational diversification within a fully renovated building. Tenants and residents benefit from in-unit amenities in the apartments and convenient on-site coin laundry. With utilities handled by each tenant, the day-to-day expense profile can be more straightforward than properties where the owner pays for heat, electricity, or cooling.
Key Highlights
- Completely renovated in 2012, with central air cooling and gas natural heating (incl. bloboers/heat pump)
- Multi‑tenant building with 13 commercial suites occupied by 7 commercial tenants plus four apartments on the second floor
- Apartment mix: (3) 2BR and (1) 1BR; all apartments include dishwashers and ice makers
Property Analytics
Property Profile
Current Use
Lease Details
13
Office units
4
Residential units
98%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 04412, ME
9,672
Population
4,565
Households
2.1
Avg Household Size
43
Median Age
31%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
636
Density / Sq Mi
$51,490
Median Household Income
$35,700
Median Earnings
$984
Median Rent
$218,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Completely renovated building with 13 commercial suites, four apartments, and on-site coin laundry, with tenants paying utilities.
Where is this residential income property located?
The property is located at 34 Abbott Street Brewer, ME.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Completely renovated in 2012, with central air cooling and gas natural heating (incl. bloboers/heat pump); Multi‑tenant building with 13 commercial suites occupied by 7 commercial tenants plus four apartments on the second floor; Apartment mix: (3) 2BR and (1) 1BR; all apartments include dishwashers and ice makers
