107 Water St Farmington, ME 04938
- Mixed-use properties
- 750 SF
- 0.20 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 107 Water St
- Year built
- 1955
- Lot size
- 0.20 lot acres
- Property size
- 750 SF
- Property type
- Mixed-use properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- Franklin
- State
- Maine
- Longitude
- -70.1532
- Latitude
- 44.6619
