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Listed by Bernadette Donohue of Badger Realty

529 Main StreetFryeburg, ME 04037Price: $625,000

  • Price: $625,000
  • 29 Days on Market
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Federal 30-year interest rate: 2.8% last updated on Jul 29, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $625,000List Price
  • 0.51Acreage
  • 6,300Square Feet
OUTSTANDING COMMERCIAL LOCATION. Gracing the corner of Main and Oxford Streets, this location has great visibility and provides an excellent opportunity for a successful home/office/commercial venture. This “all in one” multi-use property has history dating back to 1805 and offers a perfect place to reside where you work (or not). Enter and appreciate the comfortable elegance of yesteryear with a property lovingly cared for as a primary residence to one family, over 40 years. 3,500sq' main 2 story home plus 2800sq' spread over its 4 apartments. The 2 front facing living rooms have fireplaces and would make ideal professional offices, in addition to the library w/ built in shelves and a formal dining room which leads to a large eat-in kitchen, updated 12 yrs ago. Enjoy lunch on the big breezy screen porch or the ½ ground with plenty of greenspace and shade. Additional office/work or living space on the 2nd floor, currently consisting of 4 bedrooms and 3 + baths. Large unfinished attic and full walkout basement offers even more space for creating whatever is needed. 1st floor laundry & pantry lead into another foyer providing additional access to Apartment 3 & 4. An upstairs corridor also attaches into 2 apartments plus there are also 2 first floor apartments, all with an opportunity to generate income well beyond the current, this is an ideal property with multiple opportunities to meet your varied needs. NOTE: NOI reflects much lower than market rents for 4 units.

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated July 31, 2021.

 

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