5 Water Street Newport, ME 04953

MLS #: 1582851 Listed By CENTURY 21 Queen City Real Estate
592 Hammond Street, Bangor, ME 04401

$369,000

2 baths | 1 half baths | 8,832 sq ft
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Est. Property Tax: $2,345
Estimated monthly payments: $1,808/mo.* (recalculate)

Property InformationDescription

This opportunity does not come often. Add this building to your portfolio or great for the beginning of an investment. This owner has put life back into this property and it has been reformed over the years and the character is endless. What a nice addition to the town of Newport. This building has 3 floors and filled with business and residential. In this 9000 sq foot building we have a Specialty store, a dance studio, 2 large residential apartments and several small professionals providing their own services. It also has a few areas that can become more rental opportunities. In 2009 a new metal roof was put on and in 2017 the second and third floors were provided with their own Rinnia heaters and bathrooms have been updated. All the tenants are requesting to stay so the income will keep coming and the potential for more is evident. Look to your backyard to sit by the Sebasticook River that runs by, Sitting in the heart of Newport the amenities are endless.
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Features

  • Exterior Description: Other, Vinyl Siding
  • Flooring: Laminate
  • Heating - Fuel Type: Wood
  • Lot Size: 0.12 Acres
  • Roof: Metal Roof
  • Style: Other Style

MAP & DIRECTIONS

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5 Water Street, Newport, ME 04953
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School Information

5 Water Street, Newport, ME 04953

Elementary School
Grades 5-8 | Public School
NOKOMIS REGIONAL MIDDLE SCHOOL
Newport, ME 04953
291 Williams Rd Ste 1
207.­355.3600
Distance: 3.0 mi
School Rating
D-
Student:Teacher Ratio
13:1
Total Students
573
Elementary School
Grades PK-4 | Public School
SEBASTICOOK VALLEY ELEMENTARY SCHOOL
Newport, ME 04953
337 Williams Rd
207.­368.4592
Distance: 3.4 mi
School Rating
D
Student:Teacher Ratio
11:1
Total Students
306
Middle School
Grades 5-8 | Public School
NOKOMIS REGIONAL MIDDLE SCHOOL
Newport, ME 04953
291 Williams Rd Ste 1
207.­355.3600
Distance: 3.0 mi
School Rating
D-
Student:Teacher Ratio
13:1
Total Students
573
High School
Grades 9-12 | Public School
NOKOMIS REGIONAL HIGH SCHOOL
Newport, ME 04953
291 Williams Rd Ste 2
207.­368.4354
Distance: 3.2 mi
School Rating
A
Student:Teacher Ratio
13:1
Total Students
591

Demographic Data

Newport, ME 04953

Median Age: 52
Married: 51%
Number of Households: 1,295
Households with Children: 23.8%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home