108 Main St Ellsworth, ME 04605

Property Details for 108 Main St

Year built

1933

Lot size

0.06 lot acres

Property size

2,496 SF

Zone code

DT

Property type

Office buildings

APN

ELLH M:136 B:194 L:000 U:000

APU

ELLHM136B194L000U000

Description

This exceptional mixed-use property at 108 Main Street in Ellsworth, Maine, presents a unique investment opportunity. Boasting over 7,488 square feet of usable space across three levels, this historic building is situated in the heart of Ellsworth's vibrant downtown, a designated Main Street America community. Its prime location offers unparalleled convenience, with proximity to the Union River, library, city offices, and a diverse array of businesses including restaurants, boutiques, and shops. Currently fully occupied with a mix of tenants including a holistic health practice and short-term rental units, this property generates substantial income. The ground floor offers potential for subdivision to increase rental revenue, while partially finished cellar spaces with Main Street access provide further expansion opportunities. The building benefits from recent renovations, including updated plumbing, heating, and electrical systems, high-capacity internet, and a well-maintained roof. A unique deed provides two dedicated parking spaces behind the building, plus access to additional free monitored city parking at the City Hall lot. This turnkey investment allows for immediate income generation, with the possibility of owner occupancy. The property's blend of commercial and residential spaces, coupled with its prime location and recent upgrades, makes it an exceptional investment opportunity in a thriving Maine community. The asking price is $1,250,000, and the lot size is 0.06 acres.

Location Insight

City

Ellsworth

County

Hancock

State

Maine

Longitude

-68.4241

Latitude

44.5416

Property Tax & Assessments