For Sale
$450,000

38 Railroad StClinton, ME 04927

Three apartments, two commercial units, high income potential.

Overview

Added:
Feb 3
Days on market:
60
This exceptional mixed-use property at 38 Railroad Street in Clinton, Maine presents a unique investment opportunity. The 2,595 square foot building sits on a 0.34-acre corner lot offering ample parking. The property currently features three spacious residential apartments, generating consistent rental income. In addition to the residential units, there are two versatile commercial spaces. One is currently configured as a salon, but its layout easily allows conversion into a two-bedroom apartment, further enhancing the property's residential income stream. The second commercial unit comprises a large three-bay garage, ideal for various business uses or providing substantial additional storage. This property's strategic location in the heart of Clinton, combined with its existing income-generating potential and the flexibility to adapt the spaces to meet evolving market demands, makes it an attractive proposition for investors seeking a diversified portfolio. The combination of residential and commercial units offers a robust and resilient income stream, while the potential for further conversion and expansion provides significant long-term growth opportunities. This property is priced at $450,000.

Property Details for 38 Railroad St

Property type
Mixed-use properties
Square Feet
2,595 SF
Year Built
1800
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Clinton
County
Kennebec
State
Maine
Latitude
44.63819
Longitude
-69.50332
38 Railroad St, Clinton, Maine

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38 Railroad St
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