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5 Water Street, Newport, ME 04953
$385,000
5 Water Street, Newport, ME 04953View this property at 5 Water Street, Newport, ME 04953
5 Water StreetNewportME04953
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Property Description
This opportunity does not come often. Add this building to your portfolio or great for the beginning of an investment. This owner has put life back into this property and it has been reformed over the years and the character is endless. What a nice addition to the town of Newport. This building has 3 floors and filled with business and residential. In this 9000 sq foot building we have a Specialty store, a dance studio, 2 large residential apartments and several small professionals providing their own services. It also has a few areas that can become more rental opportunities. In 2009 a new metal roof was put on and in 2017 the second and third floors were provided with their own Rinnia heaters and bathrooms have been updated. All the tenants are requesting to stay so the income will keep coming and the potential for more is evident. Look to your backyard to sit by the Sebasticook River that runs by, Sitting in the heart of Newport the amenities are endless.
Full Property Details
Full Property Details for 5 Water St
General
- Price: $385,000
- Status: Active
- Type: Commercial
- MLS ID: 1582854
- Updated: 4/22/2024
- Added to Site: 95 day(s) ago
Business
- Business Type: Commercial, Office Building
Interior
- Flooring: Other
Parking
- Parking Features: Other
Location
- County: Penobscot
Heating & Cooling
- Cooling Type: None
- Heating Type: Multi-Zone
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding, Wood Frame
- Roof: Metal, Pitched
- Building Size: 8832
- Square Feet: 8,832
- Living Area: 8,832 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,227.2
- Zoning: Comm-Mixed
- Lot Description: Business District, Near Shopping
Water Features
- Water Front: Yes
- Water Front Desc.: River
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Documents Avail.: Property Disclosure Public Access
- Lot Number: 31
Listed by CENTURY 21 Queen City Real Estate (207) 942-4618
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Schools
Schools serving 5 Water St
School District:Rsu 19
Rating | Name | Grades | Distance |
---|---|---|---|
Newport Elementary School
45 Blake St, Hartland, ME 04943 | PK-4 | 0.5 mi | |
Sebasticook Valley Middle School
337 Williams Rd, Newport, ME 04953 | 5-8 | 3.4 mi | |
291 Williams Rd Ste 2, Newport, ME 04953 | 9-12 | 3 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
Date
Details
Price
Change
Source
2/24/2024
Listed
$385,000
2.67%
MLS
9/26/2007
Sold
$375,000
—
Public Record
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 5 Water St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,346
5%
$143,900
27%
2022
$2,229
—
$113,700
5%
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.
Estimate the Cost
Estimate the Cost for 5 Water St
5 Water Street, Newport, ME 04953 (MLS# 1582854) is a Commercial property. 5 Water Street is currently listed for $385,000 and was received on February 24, 2024. 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.