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5 Water Street, Newport, ME 04953

$425,000

  • For Sale
  • Active
  • Commercial
5 Water Street, Newport, ME 04953View this property at 5 Water Street, Newport, ME 04953
5 Water StreetNewportME04953
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Renovated Building in-town Newport. 1st floor has 2 large retail spaces that can be converted easily into any use, bathroom with full laundry and 4 large office spaces also on 1st floor. 2nd floor has two 1 bedroom apartments with either option for 3rd or an addition to be added to the first apartment to make it a 2 bedroom. 3rd floor has a magnificent huge room most recently used as an exercise/yoga room with work/live space with full kitchen. All floors have 10 ft ceiling. This property is in a great location over looking the river with lots of potential.

Full Property Details for 5 Water St

General

  • Price: $425,000
  • Taxes: $2,239 (2021)
  • Status: Active
  • Type: Commercial
  • MLS ID: 1524953
  • Updated: 6/13/2022
  • Added: 76 day(s) ago

Rental Information

  • Complex Features: Sprinkler - Wet
  • Lease Info: Partial

Interior

  • Flooring: Carpet, Vinyl, Wood

Parking

  • Parking Features: On Street

Location

  • County: Penobscot
  • Location Details: Downtown, Near Turnpike/Interstate, Water View

Heating & Cooling

  • Cooling Type: No Cooling
  • Heating Type: Multi-Zone, Other
  • Heating Fuel: Electricity, Oil

Utilities

  • Gas: Bottled Gas
  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Description/Design: Commercial, Freestanding Building
  • Construction: Wood Frame
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: Full
  • Roof: Metal, Pitched
  • Square Feet: 9,000
  • Current Bldg. Use: Mixed Use
  • Year Built: 1900
  • Remodeled/Updated: 2015

Lot Features

  • Zoning: Com

Financial Considerations

  • Tax Amount: $2,239
  • Tax Year: 2021

Disclosures and Reports

  • Buyer’s Brokerage Compensation: 2%

Listed by SVN The Masiello Group

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 5 Water St

School District:Rsu 19
RatingNameGradesDistance
NR
Newport Elementary School
45 Blake St, Hartland, ME 04943
PK-40.5 mi
3
Sebasticook Valley Middle School
337 Williams Rd, Newport, ME 04953
5-83.4 mi
5
Nokomis Regional High School
291 Williams Rd Ste 2, Newport, ME 04953
9-123 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 5 Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/13/2022
Price Reduced
$425,000
-14.98%
MLS
5/18/2022
Price Reduced
$499,900
-9.11%
MLS
4/16/2022
Listed
$550,000
46.67%
MLS
9/26/2007
Sold
$375,000
—
Public Record
Get Price Alerts and Save Property
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 for 5 Water St

Year
Property Taxes
Change
Tax Assessment
Change
2021
$2,239
2%
$108,700
2%
2020
$2,198
3%
$106,700
6%
2019
$2,143
—
$100,600
—
2018
$2,143
7%
$100,600
—
2017
$2,012
3%
$100,600
—
2016
$1,952
8%
$100,600
—
2015
$1,801
4%
$100,600
—
2014
$1,730
6%
$100,600
—
2013
$1,630
—
$100,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Community Info for 5 Water St

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Listed by SVN The Masiello Group

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5 Water Street, Newport, ME 04953 (MLS# 1524953) is a Commercial property. 5 Water Street is currently listed for $425,000 and was received on April 16, 2022. Want to learn more about 5 Water Street? Do you have questions about finding other Commercial real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.

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