46 Baker St, Clinton, ME 04927

Commercial property for lease

• Description
• Modern Nineteen Unit Apartment Complex in excellent condition and fully occupied. This property offers exceptional cash flow, financials and a capitalization rate of 8.89%. Comprised of two buildings on 4.5 acres; the larger fifteen unit building was constructed in 1990 as an assisted living facility and later converted to apartments. The four unit was built in 2009 and features all two bedroom units and a sprinkler system. Both buildings are single story and handicapped accessible. The spacious lot offers ample paved parking and the ability to add eight additional units. The property also features public water, sewer, and underground electrical power installed. Nice quiet rural setting yet less then a mile to I-95 and closer then you might think to Waterville (15 minutes), Augusta (30 minutes), Bangor (45 minutes) and Portland (1 hour, 15 minutes). Building price details: $975,000.
• Contact info
• Jeffrey T. Davis

  Town & Shore Associates
• Note

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