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33328944
33328943

14 School Street, Gorham, ME 04038

AF
ME Br924915
A Team Realty
Listed by A Team Realty
$1,180,000
0 days on market
Updated 0 days ago

14 School Street

Details
Property Type Retail, Multifamily
Sub Type Apartment Building, Restaurant (+1)
Square Footage 2,632
Units 6
Cap Rate 6.12%
NOI $72,275
Tenancy Multi
Lease Type Gross
Year Built 1805
Year Renovated 2023
Acreage 0.160
Zoning GVC
Parking Spaces 6 spaces
Parking Per SqFt 2.28
Ground Lease No

3 Unit with Prime Location in Gorham

Marketing description

Prime Village Center Commercial Opportunity

Ideally positioned in the heart of downtown Gorham’s vibrant, high-traffic Village Center, 14 School Street offers an exceptional blend of historic character and modern commercial versatility. Originally built in 1805 and thoughtfully updated, this standalone brick property features 2,632 ± sq. ft. of highly functional space on a 0.16-acre lot, complete with the rare luxury of dedicated off-street parking. Offering flexible GVC zoning perfect for retail, professional offices, or boutique services, this turnkey property delivers unmatched street visibility and foot traffic just steps from local dining, major thoroughfares, and the University of Southern Maine campus—making it a premier destination for an owner-user or a powerhouse addition to any commercial portfolio.

Investment highlights

-Premium in-town location

-Flexible GVC zoning

-Off street parking

-Historic Building

Listing Contacts

AF
ME Br924915
A Team Realty
Listed by A Team Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$72,274.78
$6,022.90/mo

Valuation Metrics

0
DSCR
6.12%
Cap Rate
6.12%
ROI

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Additional Information

Name
Ashley Fearon
License
Br924915
Brokerage
A Tea
Brokerage Phone
2075950427
Title
Broker
Brokerage Address
391 Roosevelt Trail
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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