1642 Atlantic HWY, Warren, ME 04864
1642 Atlantic HWY, Warren, ME 04864
1642 Atlantic HWY, Warren, ME 04864
1642 Atlantic HWY, Warren, ME 04864
1642 Atlantic HWY, Warren, ME 04864
1642 Atlantic HWY, Warren, ME 04864
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Rylee Knox

Rylee Knox

+1(207) 240-2446
Listed by Douglas Erickson SVN The Masiello Group
$ 914,000
Est. payment | /mo

11,157 SqFt

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$ 914,000
Est. payment | /mo
Save Virtual Tour

11,157 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 11,157 sqft

Price per Sqft $81

MLS Listing ID 1672228

HOA Y/N No

Year Built 2009

Tax Year 2025

Lot Size 2.570 Acres

Acres 2.57

Property Sub-Type Investment

Source Maine Listings

Land Area 11157

Property Description

Rare opportunity to acquire a diversified income-producing property consisting of a newly renovated duplex, a commercial building with ten storage/commercial rental units, and a fully renovated single-family residence. Strategically located approximately one mile north of Route 90 and directly across from Ande's Variety & Take Out, one of the area's busiest retail destinations, the property benefits from excellent visibility, strong traffic counts, and a highly desirable commercial location. The duplex is currently undergoing a comprehensive renovation and, upon completion (anticipated in September), will feature two spacious residential apartments designed to attract quality tenants. The first-floor unit includes direct access to an attached two-car garage, while a newly paved driveway and expanded parking area further enhance tenant appeal and marketability. The interior of the single-family residence was extensively renovated approximately one year ago and is currently rented. The commercial building contains ten rental storage/commercial units, providing an opportunity as an established income component while offering flexibility to accommodate a variety of tenants. Combined with the residential units, the property offers a diversified rental portfolio that helps reduce income risk and enhances long-term investment stability. This property presents an outstanding opportunity for investors seeking the ability of having and expanding cash flow investment. When the renovations are completed and the duplex reaches stabilized occupancy, the property is well-positioned to generate increased rental income while benefiting from long-term appreciation. The combination of multiple revenue sources, recent capital improvements, strong location, and limited deferred maintenance creates an attractive investment with excellent potential for both income growth and asset appreciation.

Location

State ME

County Knox

Zoning Rural

Direction Property is located at the intersection of Red Oak Drive and Atlantic Hwy.

Rooms

Other Rooms Barn(s)

Basement Slab

Interior

Heating Electric, Oil, Propane, Forced Air, Heat Pump

Exterior

Parking Features 21+ Spaces, On Site

Roof Type Shingle

Building

Lot Description Rural

Foundation Poured Concrete

Water Public

Others

Tax ID WRRR-000007-000000-000004R

Virtual Tour https://www.propertypanorama.com/instaview/mreis/1672228

Maine MLS (MREIS) IDX

Nearby Locations

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Rylee Knox
Rylee Knox

REALTOR® | Lic# BA925468

+1(207) 240-2446

533 Congress St, Portland, ME, 04101

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1642 Atlantic HWY