South Portland
$895,000
597 Main Street
mls: 1665990
Bathrooms: 3
Year Built: 1920
Sq Footage: 3,630
Lot Size: 0.16
Taxes: $9,062
Status: Coming Soon / No Show

Exceptional Mixed-Use Investment Opportunity in South Portland Rare opportunity to acquire a well-maintained, income-producing mixed-use property in a highly visible Main Street location.

Listed by: Dream Home Realty LLC

Exceptional Mixed-Use Investment Opportunity in South Portland Rare opportunity to acquire a well-maintained, income-producing mixed-use property in a highly visible Main Street location. This versatile three-unit building offers a diversified income stream with a gross annual income of $70,800, anchored by an established medical office occupying the entire first floor, providing the benefit of stable commercial tenancy. The two residential units above provide additional rental income and strong tenant appeal. Each residential unit features its own washer and dryer, while tenants are responsible for their own heat and electricity -- helping reduce owner expenses and maximize net operating income. Meticulously cared for and truly turnkey, the property offers desirable amenities including off-street parking for up to three residential vehicles, additional on-street parking for tenants, clients, and guests, and convenient access to public transportation. Ideally positioned along South Portland's Main Street corridor, this property is close to local businesses, shopping, dining, downtown Portland, major commuter routes, and area amenities. With proven rental history, strong tenant demand, diversified commercial and residential income, and excellent visibility, this is a rare opportunity to own a stable, cash-flowing investment property in one of Southern Maine's most desirable markets.

Listed by: Dream Home Realty LLC

Above Grade Finished Area
3630.00
Accessibility Features
Appliances
Architectural Style
Colonial
Basement
Exterior Entry, Interior Entry, Full, Unfinished, Brick/Mortar
Bathrooms Full
2
Bathrooms Total Integer
3
Below Grade Finished Area
0.00
Body Type
Building Area Total
3630.00
Construction Materials
Wood Frame, Vinyl Siding
Cooling
Heat Pump
Cooling Yes/No
1
Electric
Circuit Breakers
Exterior Features
Flooring
Carpet, Linoleum, Luxury Vinyl
Foundation Details
Poured Concrete, Brick/Mortar
Green Energy Efficient
Heating
Electric, Heat Pump
Heating Yes/No
1
Interior Features
Laundry Features
Main Level, Upper Level
Lot Features
Business District, Near Shopping, Near Turnpike/Interstate, Near Town, Corner Lot, Level, Sidewalks, Landscaped
Lot Size Acres
0.1600
Other Equipment
Other Structures
Shed(s)
Parking Features
Common, Paved, 1 - 4 Spaces, Assigned, Off Street, On Street
Patio And Porch Features
Porch
Pets Allowed
No Dogs Allowed
Property Condition
Roof
Shingle
Sewer
Public Sewer
Tax Annual Amount
9062.00
Utilities
Water Source
Public
Waterfront Features
Year Built
1920
Zoning
LB