For Sale
$369,000

5 Water StNewport, ME 04953

Mixed-Use Building, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional three-story commercial building, located at 5 Water Street in Newport, Maine, presents a rare investment opportunity. Spanning 8,832 square feet on a 0.12-acre lot, this property boasts a diverse tenant mix including a specialty store, dance studio, two large residential apartments, and several smaller professional offices. The building offers significant income potential with existing tenants eager to renew their leases. Recent improvements include a new metal roof (2009), Rinnai heaters installed on the second and third floors (2017), and updated bathrooms. The property's character is undeniable, having undergone extensive renovations over the years. Additional rental opportunities exist within the building. Situated in the heart of Newport, this property enjoys convenient access to numerous amenities and the scenic Sebasticook River. The asking price is $369,000. This is an ideal addition to an existing portfolio or a perfect starting point for a new investment.

Highlights

  • Asking Price: $369,000
  • Property Type: Commercial Land, 8,832 square feet, 0.12 acres
  • Located at 5 Water Street, Newport, ME 04953
  • Three-story building with mixed-use tenants (retail, residential, professional offices)
  • Recent renovations include a new metal roof (2009), updated bathrooms, and individual Rinnai heaters on the upper floors (2017).

Property Details for 5 Water St

Property type
Specialty properties, Land
Square Feet
8,832 SF
Lot Size (sq. ft)
5,227 SF

Location Insight

City
Newport
County
Penobscot
State
Maine
Latitude
44.8356621
Longitude
-69.2735196
5 Water St, Newport, Maine

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5 Water St
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