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$914,000 Just Listed
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Property Description
Rare opportunity to acquire a diversified income-producing property consisting of a newly renovated duplex, a commercial building with ten storage/commercial rental units, and a fully renovated single-family residence. Strategically located approximately one mile north of Route 90 and directly across from Ande's Variety & Take Out, one of the area's busiest retail destinations, the property benefits from excellent visibility, strong traffic counts, and a highly desirable commercial location. The duplex is currently undergoing a comprehensive renovation and, upon completion (anticipated in September), will feature two spacious residential apartments designed to attract quality tenants. The first-floor unit includes direct access to an attached two-car garage, while a newly paved driveway and expanded parking area further enhance tenant appeal and marketability. The interior of the single-family residence was extensively renovated approximately one year ago and is currently rented. The commercial building contains ten rental storage/commercial units, providing an opportunity as an established income component while offering flexibility to accommodate a variety of tenants. Combined with the residential units, the property offers a diversified rental portfolio that helps reduce income risk and enhances long-term investment stability. This property presents an outstanding opportunity for investors seeking the ability of having and expanding cash flow investment. When the renovations are completed and the duplex reaches stabilized occupancy, the property is well-positioned to generate increased rental income while benefiting from long-term appreciation. The combination of multiple revenue sources, recent capital improvements, strong location, and limited deferred maintenance creates an attractive investment with excellent potential for both income growth and asset appreciation.
Full Property Details
Full Property Details for 1642 Atlantic Hwy
General
- Price: $914,000
- Taxes: $4,518 (2025)
- Status: Active
- Type: Commercial Investment
- Source: MREIS
- MLS ID: 1672228
- Updated: 7/16/2026
- Added to Site: 5 day(s) ago
Business
- Business Type: Cold Storage, Freestanding Building, Commercial, Ware
Parking
- Parking Features: 21 or More Spaces, On-Site Parking
Location
- County: Knox
Heating & Cooling
- Heating Type: Electric, Oil, Propane, Forced Air, Heat Pump
Utilities
- Sewer: Private Sewer
- Water: Public
Structural Information
- Construction: Wood Frame, Metal Clad, Vinyl Siding, Wood Siding
- Basement: Yes
- Basement Desc.: Slab
- Roof: Shingle
- Square Feet: 11,157
- Year Built: 2009
Additional Structures
- Other Structures: Barn(s)
Lot Features
- Lot Size (Acres): 2.57
- Lot Size (Sq. Ft.): 111,949.2
- Zoning: Rural
- Lot Description: Rural
Financial Considerations
- Tax Amount: $4,518.12
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 004 & 004-1
Listed by SVN The Masiello Group (207) 596-6095
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Schools
Schools serving 1642 Atlantic Hwy
School District:School Administrative District 40
| Name | Grades | Distance |
|---|---|---|
Warren Community School 117 Eastern Road, Warren, ME 04864 | PK-6 | 1.3 mi |
Medomak Middle School 318 Manktown Road, Waldoboro, ME 04572 | 7-8 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1642 Atlantic Hwy
Date
Details
Price
Change
Source
7/16/2026
Listed
$914,000
—
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 1642 Atlantic Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,621
—
$184,600
—
2024
$2,621
2%
$184,600
—
2023
$2,566
-11%
$184,600
28%
2022
$2,894
6%
$144,700
1%
2021
$2,730
-2%
$143,700
—
2020
$2,788
2%
$143,700
—
2019
$2,745
4%
$143,700
—
2018
$2,630
6%
$143,700
—
2017
$2,472
6%
$143,700
—
2016
$2,328
1%
$143,700
—
2015
$2,299
-1%
$143,700
—
2014
$2,314
1%
$143,700
—
2013
$2,285
—
$143,700
—
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 1642 Atlantic Hwy
1642 Atlantic Highway, Warren, ME 04864 (MLS# 1672228) is a Commercial Investment property. 1642 Atlantic Highway is currently listed for $914,000 and was received on July 16, 2026. Want to learn more about 1642 Atlantic Highway? Do you have questions about finding other Commercial Investment real estate for sale in Warren? You can browse all Warren real estate or contact a Coldwell Banker agent to request more information.

