99 Main St, Newport, ME 04953
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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