34 Arundel

Previous
Next
Property Description:

Diversified Income Property With Income Expansion Availability ! Two large buildings on 2.54 acres with parking for 42 cars. The front building consists of three levels of commercial or residential space or both offering 6,900 SF above grade & 2,640 SF of a partially finished basement with a full walk out stairway on each end of the building. The front building is fully sprinklered. The front tenant pays the heat & electricity. The rear building consists of 5,936 SF, two levels of living space offering Four-3 bedroom ”loft style” apartments & a one car garage. The electricity & heat are included in the rear buildings monthly rent. The front building is currently being leased as a daycare mainly occupying the 1st level & the outside playground. The 2nd fl, 3rd fl & basement levels are empty & have room for ”major income expansion”. The current leases are below market rate. The front building has a floor plan for 6 apartments. Zoning will allow for 10 apartments total. This property would also make a great 10 unit condo conversion offering very large loft style units, or an office building, restaurant or a combination of uses. 3 minute drive to Kennebunkport’s Dock Square & Beaches. Many different options for the creative investor. Great existing tenants. Very nice property & well maintained. Terrific location. Well worth previewing! Seller will contribute towards buyers closing costs.

VIRTUAL TOUR
Price:
$2,100,000
Get more info:
Your e-mail *
Your name *
Phone Number *
Address: 34 Arundel RoadCity: Arundel
State: MEBaths: 8
Bathrooms Full: 5Building Area Total: 15164

Features

Basement: Walk-Out Access, Full, Sump Pump, Doghouse, Interior EntryConstruction Materials: Wood Siding, Clapboard, Wood Frame
Cooling: NoneElectric: Circuit Breakers
Flooring: Wood, VinylHeating: Radiant, Forced Air
Interior Features: Bathtub, Shower, StorageLot Size Square Feet: 110642.4
Parking Features: 21+ Spaces, Paved, On Site, Inside EntranceRoof: Metal, Pitched
Sewer: Private SewerWater Source: Public
Year Built: 1996

Fair Housing Logo MLSLogo

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.