Property summary
Investor opportunity! This unique Brewer, ME property encompasses 11 units (3-unit residential building, 8-unit motel) situated on a 54-acre lot (seller believes 63 acres, verification in progress). The main building features 2,795 sq ft of ground-floor space ideal for owner occupancy or rental, including two offices, a kitchen, living room, 1.5 baths, and a large bedroom. Upstairs are two renovated 3-bedroom apartments, each with a full kitchen and laundry. The 2,660 sq ft motel offers eight rooms, ranging in size from single occupancy to three-bedroom units, all furnished. Conversion to additional apartments presents a strong potential for increased profitability. Both buildings have basements. A detached two-car garage and an older cottage are also included. The expansive lot offers significant development potential, is subdividable, and boasts access from Route 9 and Day Road, with city water, sewer, and power available from both streets. The property is conveniently located just three miles from Bangor. Total square footage is 5,455 sq ft, with 15 parking spaces. The property was built in 1900 and 1953, and is zoned LDR. Asking price is $1,880,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
LDR Low Density Residential MDR-1 Medium Density Residential-1 MDR-2 Medium Density Residential-2 HDR High Density Residential HDR-2 High Density Residential-2 CB Convenience Business DD Downtown Development GB General B…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LDR · Brewer, MELDR Low Density Residential MDR-1 Medium Density Residential-1 MDR-2 Medium Density Residential-2 HDR High Density Residential HDR-2 High Density Residential-2 CB Convenience Business DD Downtown Development GB General B…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
LDR Low Density Residential MDR-1 Medium Density Residential-1 MDR-2 Medium Density Residential-2 HDR High Density Residential HDR-2 High Density Residential-2 CB Convenience Business DD Downtown Development GB General B…
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