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Property profile

107 Water St Farmington, ME 04938

OFF-MARKET
Mixed-use properties
750 SF 0.2 ac lot Built 1955
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Property summary

AI-generated overview

This charming 750-square-foot mixed-use building presents a fantastic opportunity in Farmington, ME. Situated on a 0.2-acre lot at 107 Water Street, this property enjoys a high-traffic location while maintaining a peaceful, secluded atmosphere. Its convenient downtown location offers easy access to amenities, shopping, and the University of Maine Farmington. The building features a bright and sunny interior, a double driveway providing ample parking, and the convenience of public water and sewer. A modern heat pump and monitor system ensure efficient climate control. A full finished basement adds significant extra space. The main level boasts a large front room, a rear office space, and a side room previously configured as a three-bay hair salon, complete with existing sinks. A back entryway and a full bathroom complete the layout. The property's versatile design lends itself to a variety of commercial uses, or, subject to town approval, conversion to a single-family residence for owner-occupancy or rental investment. This attractive property is priced at $245,000 and offers significant potential for a discerning buyer. The property's combination of location, features, and adaptability makes it an exceptional investment opportunity.

Property profile

Verified
Property type Mixed-use properties
Year built 1955
Total area 750 SF
Lot 0.2 ac (8,712 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

107 Water St Farmington, ME 04938
Farmington metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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