280 Lincoln St South Portland, ME 04106

This exceptional multifamily property, located at 280 Lincoln Street in South Portland, Maine's Ligonia neighborhood, presents a compelling investment opportunity. The property encompasses a 14-unit apartment building and a 5,582 square foot flex building, currently housing seven commercial tenants. The apartment building, boasting 9,854 square feet, is in excellent condition, featuring numerous renovated units, two recently updated boilers, a brand-new deck, fresh paint throughout, and recently replaced windows. The flex building is divided into seven individual studios/workshops, currently leased to long-term artists and makers on an at-will basis. One commercial unit is owner-occupied, offering the potential for continued tenancy or vacancy for a new owner. The property sits on a 0.69-acre lot and is zoned A. Built in 1900, this property offers a blend of established income generation and potential for future value appreciation. The asking price is $1,475,000, translating to a price per square foot of $149.69. This turnkey property is ideal for investors seeking a fully occupied asset or owner-users desiring shop space while offsetting costs through rental income. The property's strong tenant base and desirable location in South Portland, Maine, make it a highly attractive investment prospect. The property's zip code is 04106, and it is situated in Cumberland County.