280 Lincoln Street, South Portland ME, 04106

Pending

280 Lincoln Street

South Portland ME, 04106

$1,475,000

Pending

7 Baths

9,854 sqft

Multi-family

Built in 1900

Courtesy of Vitalius Real Estate Group, LLC

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.

1599566

MLSⓇ ID

August 7, 2024

Listed

November 5, 2024

Updated

Map

280 Lincoln Street
South Portland ME, 04106

Interior Features

Total Bathrooms: 7
Full Bathrooms: 7
Floor Description: Laminate, Concrete
Fireplace: No
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Baseboard

Exterior/Building Features

Lot Size: 0.69 Acres
Lot Features: Level, Open Lot, Near Turnpike/Interstate, Near Town
Architectual Style: Multi-Level
Roof: Flat, Shingle
Sewer: Public Sewer

Other Property Details

Taxes: $13,892
Tax Frequency: Annually
Garage: No
Parking: 11 - 20 Spaces, Gravel, Paved
View: No
County: Cumberland
Water Source: Public
Pool: No
Zoning: A

Listing History

Date	Event	Price
11/5/2024	Pending	—
10/15/2024	Price change	$1,475,000 -7%

Listing Contact: 207-541-3755

Courtesy of Vitalius Real Estate Group, LLC

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Data last updated 8:42 PM UTC, 11/5/2024