South Portland, ME 04106 280 Lincoln Street
$1,575,000
16 more
Presented By: Vitalius Real Estate Group, LLC;
Baths • 7
SQFT • 9,854
Home Details
Located in South Portland's Ligonia neighborhood, this is a unique opportunity to purchase a turnkey 7-unit residential apartment building and a 5,582 SF flex building, currently with 7-commercial tenants. The apartment building is in great condition, with many renovated units, two newer boilers, a brand-new deck, fresh paint and replacement windows. The flex building is divided into 7 studios/workshops, currently occupied by long term artists and ''maker'' tenants on an at-will basis. The owner occupies one of the commercial units as a workshop and can either remain as a tenant or vacate for a new owner. This property is ideal as a fully occupied investment or for an owner-user seeking shop space while offsetting occupancy costs with rental income.
Presented By: Vitalius Real Estate Group, LLC;
Interior Features for 280 Lincoln Street
Bathrooms
Half Baths0
Total Baths7
Other Interior Features
Above Grade Finished Area9854.0
Air Conditioning Y/NNo
BasementInterior Entry, Unfinished
Basement (Y/N)No
Below Grade Finished Area0.0
Electric On Property Y/NNo
FlooringLaminate, Concrete
Heating Y/NYes
General for 280 Lincoln Street
Additional Parcels Y/NNo
Architectural StyleMulti-Level
Attached Garage No
Carport Y/NNo
CitySouth Portland
Construction MaterialsWood Siding, Vinyl Siding, Clapboard, Wood Frame
CoolingNone
CountyCumberland
ElectricCircuit Breakers
Full Baths7
Garage Y/NNo
Gross Income162000.0
HeatingBaseboard
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet30056.4
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
NumberOfUnitsTotal14
Operating Expense50823.0
Property TypeMulti-Family
Rent Control Y/NNo
RoofFlat, Shingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount13892.0
Tax Lot106
Tax Year2024
UtilitiesUtilities On
View Y/NNo
Waterfront Y/NNo
Year Built1900
ZoningA
Exterior for 280 Lincoln Street
Building Area Total9854.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel, Open Lot, Near Turnpike/Interstate, Near Town
Lot Size Acres0.69
Lot Size Area0.69
Lot Size SourcePublic Records
Open Parking Y/NNo
Parking Features11 - 20 Spaces, Gravel, Paved
Road Surface TypePaved
SpaNo
Water SourcePublic
Additional Details
Price History
Mason Dupuis
Associate Broker