Mixed Use Downtown Investment Property. This 8 unit building is located in the heart of Sanford's City Center. The building offers a large 1st floor commercial space. The commercial space is leased to a retail shop opening June 1, 2024. The 2nd and 3rd floors consist of 7 one bedroom and efficiency apartments. The building is fully occupied. The building is in generally good over all condition and in good standing with the City of Sanford rental ordinance. Many improvements have been made over the past 15 years. A new rubber membrane roof was installed in April 2024. New whole building hot water heater March 2024. The building has a whole building fire suppression and fire alarm system. This is an excellent turn-key investment property.
MLS# | 1588389 |
---|---|
Listing Type | For Sale |
Sub-Type | Resale |
Status | Pending |
Year | 1890 |
Days On Site | 138 |
Listing Provided By | Century 21 North East | Brian Samia Gary Samia |
Bath(s) | 8 Total |
---|---|
SQ Feet | 7,028 |
Basement | Y |
Story(s) | 3 |
Units | 8 |
Zoning | UB |
Acreage | 0.08 |
State | ME |
---|---|
County | York |
City | Sanford |
Zip Code | 04073 |
Listing VS Median (in 04073) | |
Price: $799,900 low | high Med: $350,000 SqFt: 7,028 low | high Med: 1,623 $ / SqFt: $114 low | high Med: $216 On Site: 138 low | high Med: 42 |