Property profile

99 Main St Newport, ME 04953

OFF-MARKET
Retail properties & Spaces
Property ID
US42-0023360
3,300 SF 0.54 ac lot Built 1900
Saved · see the list in your Dashboard

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 properties & Spaces
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

Location

99 Main St Newport, ME 04953
Newport metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 99 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message