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    OFF-MARKET
    Retail space

    99 Main St, Newport, ME 04953

    3,300 SF 0.54 ac lot Built 1900
    Property ID
    US42-0023360
    Property summary
    AI-generated overview

    This exceptional 3,300 square foot mixed-use property, located at 99 Main Street in Newport, Maine, presents a unique investment opportunity. Built in 1900, this three-story Victorian building sits on a 0.54-acre lot and offers a blend of residential and commercial potential. Currently configured with two units, each featuring its own kitchen and laundry facilities, the property is zoned for both multi-family and commercial use. The building boasts beautiful period details, including intricate woodwork and high ceilings, complemented by modern comforts. The layout allows for flexible use, potentially accommodating a multi-family dwelling or a commercial venture. The first floor includes a formal living room with a fireplace and a sunroom. The second and third floors contain five bedrooms and additional living space. The asking price is $299,000. This property's prime location in the heart of Newport, combined with its versatile zoning and substantial square footage, makes it an attractive prospect for both residential and commercial investors. The property's history and architectural details offer a unique opportunity to own a piece of Newport's heritage while capitalizing on its diverse zoning possibilities.

    Property profile
    Verified
    Property type Retail space
    Year built 1900
    Total area 3,300 SF
    Lot 0.54 ac (23,522 SF)
    UPID US42-0023360
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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