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31283454
31283463

176 Ellsworth Rd, Blue Hill, ME 04614

JC
ME BA920563
eXp Realty - Maine
Listed by eXp Realty - Maine
$950,000
73 days on market
Updated 73 days ago

Blue Hill Maine Mixed Use Opportunity

Details
Property Type Mixed Use, Multifamily (+2)
Sub Type Apartment Building, Garage/Parking (+1)
Square Footage 10,000
Units 7
Cap Rate 11.00%
NOI $140,000
Occupancy 100%
Tenancy Multi
Price per SqFt $95
Year Built 1990
Buildings 2
Stories 2
Acreage 0.950
Parking Spaces 25 spaces
Parking Per SqFt 2.50

Mixed Use | 11.00% CAP | 10,000 SqFt

Investment highlights

This residential and commercial multi-use property has the flexibility to suit many opportunities. The 6 unit apartment building was built in 1990 and has 2-2 bedroom units and 4-1 bedroom units and is full with tenants. There is currently a long time retail tenant in the large commercial building, which was built in 2011. The several petitions that have been added could easily be removed and converted for other uses. It has a large garage door and 2 overhead cranes and a 600square foot freezer. It also has a 3 phase 200amp service and an additional 200 amp servcie. There is plenty of parking in front and behind the building. In the past it has serviced the community as a doggie day care, boat building, convenience store, office building, and residences. A large cell tower on top of Blue Hill Mtn. is located directly behind the property. This heavily traveled road is just 12 minutes from Ellsworth- Maine's fastest growing city, 40 minutes to Acadia National Park, and 1 mile to the head of Blue Hill Bay. This amazing investment opportunity waits in one of Maine's most desirable coastal towns! See MLS 1655190

Listing Contacts

JC
ME BA920563
eXp Realty - Maine
Listed by eXp Realty - Maine

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$140,000.00
$11,666.67/mo

Valuation Metrics

0
DSCR
14.74%
Cap Rate
14.74%
ROI

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