280 Lincoln StreetSouth Portland, ME 04106MLS Number 1599566

  • Price: $1,475,000
  • Est. Mortgage of $/month
  • 161 Days on Market
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Federal 30-year interest rate: 6.93% last updated on Jan 9, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Pending
280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106280 Lincoln Street South Portland ME 04106
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  • 7Bathrooms
  • 0.69Acreage
  • 9,854Square Feet
Located in South Portland's Ligonia neighborhood, this is a unique opportunity to purchase a turnkey 7-unit residential apartment building and a 5,582 SF flex building, currently with 7-commercial tenants. The apartment building is in great condition, with many renovated units, two newer boilers, a brand-new deck, fresh paint and replacement windows. The flex building is divided into 7 studios/workshops, currently occupied by long term artists and ''maker'' tenants on an at-will basis. The owner occupies one of the commercial units as a workshop and can either remain as a tenant or vacate for a new owner. This property is ideal as a fully occupied investment or for an owner-user seeking shop space while offsetting occupancy costs with rental income.
Listed by Vitalius Real Estate Group,LLC

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More Info

Basic Information

  • Documents Available Property Disclosure Public Access, Deed Public Access, Lead Paint Addendum Public Access
  • Gross Income $162,000

Basic Information

  • Agent ID009631,009700
  • Broker ID2698
  • Broker NameVitalius Real Estate Group, LLC
  • List Price$1,475,000
  • LocationTypeNear Town, Near Turnpike/Interstate
  • MLS Number1599566
  • Modification Date12/16/2024
  • Property TypeResidential Income

Property

  • Lot Size SourcePublic Records
  • Road FrontagePaved, Public

Property Information

  • Acreage0.69
  • Lot Features Level, Open Lot, Near Turnpike/Interstate, Near Town
  • Lot Size Square Feet 30,056
  • Lot Size Units Acres
  • Site Level, Open
  • Square Feet9,854

Other

  • Date Listed08/07/2024
  • View Count19

Tax Information

  • Tax Book Number 60158
  • Tax Lot106
  • Tax Map Number 32
  • Tax Year 2024
  • Taxes$13,892

Building

  • Above Grade Finished Area 9,854
  • BasementInterior Entry, Unfinished
  • Building ConstructionWood Siding, Vinyl Siding, Clapboard, Wood Frame
  • Property StyleMulti-Level
  • Units14
  • Units Numof 1 Bd Units 12
  • Units Numof 2 Bd Units 2
  • Year Built1900

Exterior

  • Exterior Clapboard, Vinyl Siding
  • RoofFlat, Shingle

Amenities

  • Mls StatusPending
  • Other AmenitiesBasement, Fireplace

Photos

  • Number of Photos21

Parking

  • Parking Features 11 - 20 Spaces, Gravel, Paved

Rooms

  • Bathroom7
  • Full Bath7

Location

  • Address280 Lincoln Street
  • Building Number280
  • CountyCumberland
  • DrivewayGravel, Paved
  • Latitude43.633326
  • Longitude-70.283253
  • StateME
  • StreetLincoln Street
  • TownSouth Portland
  • Zip04106

Interior

  • Flooring Laminate, Concrete

Utilities

  • Electric Circuit Breakers
  • Gas Natural - At Street
  • Heat SystemBaseboard
  • Heating FuelGas Natural
  • Heating YN Yes
  • Sewer Public Sewer
  • Utilities Utilities On
  • Water HeaterOff Heating System
  • Water Source Public

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2025 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

All Maine Homes participates in ©2025 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

I agree to receive marketing and customer service calls and text messages from Century 21 Alliance. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

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