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Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice
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Physician
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Medical Clinic
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Physician Medical Clinic
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
A. Downtown (DT). The heart of this zone is Main Street. It is what is special about Ellsworth. This zone allows a mixture of uses. Uses in this zone are concentrated makin g it highly walkable steering away from single…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
DT · Ellsworth, MEA. Downtown (DT). The heart of this zone is Main Street. It is what is special about Ellsworth. This zone allows a mixture of uses. Uses in this zone are concentrated makin g it highly walkable steering away from single…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
A. Downtown (DT). The heart of this zone is Main Street. It is what is special about Ellsworth. This zone allows a mixture of uses. Uses in this zone are concentrated makin g it highly walkable steering away from single…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DT in Ellsworth, ME.
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