234 Main Street, Lovell, ME 04051
Local realty services provided by:ERA Dawson-Bradford Co., REALTORS
234 Main Street,Lovell, ME 04051
$350,000
- - Beds
- 3 Baths
- 3,400 sq. ft.
- Multi-family
- Active
Listed by:edward larochelle
Office:keller williams realty
MLS#:1614504
Source:ME_MREIS
Price summary
- Price:$350,000
- Price per sq. ft.:$102.94
About this home
Commercial Multi-Family Mixed-Use Property For Sale
A Prime Investment Opportunity
Nestled in a bustling neighborhood, a unique commercial multi-family mixed-use property is now available for sale. This property presents an exceptional investment opportunity, combining commercial space with residential rentals, ensuring a steady income stream.
The Commercial Floor
The first floor of this property has a rich history, having housed a successful convenience store and restaurant for many years. Although currently closed, the business can be effortlessly revived, thanks to the inclusion of all store and restaurant equipment with the sale. This turn-key opportunity means that entrepreneurs can hit the ground running without the hassle of sourcing and purchasing new equipment.
The space is not limited to a convenience store and restaurant; it is also well-suited for general retail. With its prominent location and the adaptability of the space, a variety of businesses could thrive here, from boutique shops to service providers. The adaptable layout can accommodate different retail needs, making it an attractive option for potential tenants or owner-operators.
The Residential Floor
Above the commercial space, the second floor comprises three fully occupied apartments, adding another layer of financial stability to the property. These well-maintained units provide comfortable living spaces, ensuring high tenant retention and demand.
• Apartment 1: A spacious two-bedroom, one-bathroom unit, perfect for small families or roommates.
• Apartment 2: Another well-appointed two-bedroom, one-bathroom unit, offering similar amenities and comfort.
• Apartment 3: A cozy one-bedroom, one-bathroom unit, ideal for singles or couples.
Investment Potential
This property is a lucrative investment opportunity. The combination of commercial and residential spaces ensures diversified income, reducing risk and maximizing returns.
Contact an agent
Home facts
- Year built:1865
- Listing Id #:1614504
- Updated:June 27, 2025 at 04:08 PM
Rooms and interior
- Total bathrooms:3
- Full bathrooms:3
- Living area:3,400 sq. ft.
Structure and exterior
- Year built:1865
- Building area:3,400 sq. ft.
- Lot area:0.38 Acres
Utilities
- Water:Private, Well
- Sewer:Septic Design Available
Finances and disclosures
- Price:$350,000
- Price per sq. ft.:$102.94
- Tax amount:$1,804 (2023)
MREIS Multiple Listing Service™ system
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2023 Maine Real Estate Information System, Inc. All Rights ReservedNew listings near 234 Main Street
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