52 Main St Lincoln ME
By Deal Studio
Asking Price
$1,100,000
SDE
$82,000
Gross Revenue
Location
$125,000
52 Main St Lincoln ME 04457
Presenting a unique commercial property in the heart of Lincoln, currently home to the Lincoln Police Department and the Penobscot County Superior Courthouse. This property offers a stable and secure investment, with the courthouse as a tenant that cannot relocate without legislative approval from Augusta, ensuring long-term tenancy. The Current Owner is in negotiations to renew these leases for an additional five years, with options for further extensions, providing peace of mind and continuity for future investors.
Equipped with 22 new heat pumps, ensuring energy efficiency and comfort throughout the building, completely renovated with new Siding, LED lights, Electric, Roof and new flooring in the lower and upper levels.
Leasing the remaining units could generate an additional $27,000 in annual revenue.
This property represents a robust investment opportunity with existing government tenants and significant potential for increased revenue. Don't miss the chance to own a cornerstone of Lincoln's community infrastructure.
Real Estate Included
Yes
Asking Price
$1,100,000
SDE
$82,000
Gross Rev.
Location
$125,000
52 Main St Lincoln ME 04457
Presenting a unique commercial property in the heart of Lincoln, currently home to the Lincoln Police Department and the Penobscot County Superior Courthouse. This property offers a stable and secure investment, with the courthouse as a tenant that cannot relocate without legislative approval from Augusta, ensuring long-term tenancy. The Current Owner is in negotiations to renew these leases for an additional five years, with options for further extensions, providing peace of mind and continuity for future investors.
Equipped with 22 new heat pumps, ensuring energy efficiency and comfort throughout the building, completely renovated with new Siding, LED lights, Electric, Roof and new flooring in the lower and upper levels.
Leasing the remaining units could generate an additional $27,000 in annual revenue.
This property represents a robust investment opportunity with existing government tenants and significant potential for increased revenue. Don't miss the chance to own a cornerstone of Lincoln's community infrastructure.
Real Estate Included: Yes
52 Main St Lincoln ME
Asking Price
$1,100,000
SDE
$82,000
Gross Revenue
Location
$125,000
52 Main St Lincoln ME 04457
Presenting a unique commercial property in the heart of Lincoln, currently home to the Lincoln Police Department and the Penobscot County Superior Courthouse. This property offers a stable and secure investment, with the courthouse as a tenant that cannot relocate without legislative approval from Augusta, ensuring long-term tenancy. The Current Owner is in negotiations to renew these leases for an additional five years, with options for further extensions, providing peace of mind and continuity for future investors.
Equipped with 22 new heat pumps, ensuring energy efficiency and comfort throughout the building, completely renovated with new Siding, LED lights, Electric, Roof and new flooring in the lower and upper levels.
Leasing the remaining units could generate an additional $27,000 in annual revenue.
This property represents a robust investment opportunity with existing government tenants and significant potential for increased revenue. Don't miss the chance to own a cornerstone of Lincoln's community infrastructure.
Real Estate Included
Yes
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