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119 Main Street, Lincoln, ME 04457
$295,000
119 Main Street, Lincoln, ME 04457View this property at 119 Main Street, Lincoln, ME 04457
119 Main StreetLincolnME04457
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Property Description
Commercial Investment Opportunity: This commercial property is located close to the intersection of Route 6 and Route 2 in Lincoln. Features include a repair/gas station combo, seller-owned gas pumps, certified tanks, and reinforced surrounds for the diesel pumps which are drive-in - drive-out diesel for convenience. The property is strategically situated near the intersection of Route 6 and Route 2, which can be advantageous for attracting customers and traffic. This is the only repair and gas station combination in town. This can be a valuable asset as it provides two different revenue streams. The fact that the gas pumps are seller-owned can provide more control and potentially higher profit margins compared to properties where the pumps are leased or owned by a third party. The tanks on the property are certified through 2025, which is essential for safety and compliance with environmental regulations. The sale includes an auto lift, the building, pumps, and ample parking space for customers on the 0.8 acre lot. Auto repair not your thing?? The property is in a Commercial 1 zone, which typically allows for a variety of commercial uses so use your imagination and this great location to change it up a bit! The building is constructed of cinder block and was built in 1985, with updates in 1995, including canopies over the gas pumps. It has a total of 1144 square feet and is divided into a central reception area, an office, a bathroom, and the garage/repair area. Investing in a repair and gas station combo can be a lucrative opportunity. You can have as little or as much direct contact/control as you wish. The property currently has a tenant operating an auto repair business. There are separate gas and diesel sales, with fuel supply contracted with Dysarts. Continue with the current leases or take over one or both with your own business model. There are other possibilities for the locale - come take a look for yourself.
Full Property Details
Full Property Details for 119 Main St
General
- Price: $295,000
- Taxes: $4,371 (2023)
- Status: Active
- Type: Commercial
- MLS ID: 1572120
- Updated: 5/16/2024
- Added to Site: 260 day(s) ago
Business
- Business Type: Freestanding Building, Gas Station, Auto Service
Interior
- Flooring: Concrete
Additional Information
- Equipment: Other Equipment, Internet Access Available
Parking
- Parking Features: 11 - 20 Spaces, On-Site Parking
Location
- County: Penobscot
Heating & Cooling
- Cooling Type: None
- Heating Type: Other
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Concrete, Block, Masonry
- Roof: Metal
- Building Size: 1144
- Square Feet: 1,144
- Living Area: 1,144 Sq. Ft.
- Year Built: 1985
- Other Struct. Feat.: Overhead Doors
Lot Features
- Lot Size (Acres): 0.8
- Lot Size (Sq. Ft.): 34,848
- Zoning: c1
- Lot Description: Downtown, Business District, Near Shopping
Financial Considerations
- Tax Amount: $4,371.4
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.4%
- Documents Avail.: Property Disclosure Public Access, Deed Public Access
- Lot Number: 77
Listed by United Country Lifestyle Properties of Maine (207) 794-6164
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Schools
Schools serving 119 Main St
School District:Regional School Unit 67
Rating | Name | Grades | Distance |
---|---|---|---|
45 School St, Lincoln, ME 04457 | 4-8 | 0.2 mi | |
23 Ella P Burr St, Lincoln, ME 04457 | PK-3 | 0.7 mi | |
33 Reed Dr, Lincoln, ME 04457 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 119 Main St
Date
Details
Price
Change
Source
5/16/2024
Price Reduced
$295,000
-26.23%
MLS
9/15/2023
Listed
$399,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 119 Main St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,111
17%
$198,700
—
2022
$4,371
18%
$198,700
—
2021
$3,716
-2%
$198,700
14%
2020
$3,778
-6%
$174,900
—
2019
$4,040
19%
$174,900
19%
2018
$3,391
2%
$146,800
—
2017
$3,310
1%
$146,800
—
2016
$3,280
1%
$146,800
—
2015
$3,259
-1%
$146,800
—
2014
$3,288
-2%
$146,800
—
2013
$3,371
—
$146,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 119 Main St
119 Main Street, Lincoln, ME 04457 (MLS# 1572120) is a Commercial property. 119 Main Street is currently listed for $295,000 and was received on September 15, 2023. Want to learn more about 119 Main Street? Do you have questions about finding other Commercial real estate for sale in Lincoln? You can browse all Lincoln real estate or contact a Coldwell Banker agent to request more information.