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10 Mills RoadNewcastle, ME 04553Price: $349,000

  • Price: $349,000
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Federal 30-year interest rate: 3.02% last updated on Mar 4, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $349,000List Price
  • 0.23Acreage

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Listed by Drum & Drum Real Estate Inc.
An amazing investment opportunity for the buyer looking for an in-town commercial building. The possibilities are endless! Continue with the current use as an office building with the potential for monthly rental income of approximately $3,300 when fully-occupied. Other options might include (1) 1st floor retail space with residential living upstairs. (2) conversion back into a single family residence or condominiums. Since 2006, many property improvements include spray-foam insulation in cellar, heat pumps & solar panels plus electrical service upgrades. Wonderful 2 story attached barn with garage space and ample storage; it would make a fabulous studio or workshop. Conveniently located in the center of the historic village of Newcastle with sidewalks leading to Lincoln Academy, all shops and restaurants, town marina, Skidompha library and LincolnHealth hospital system. Outdoor enthusiast will enjoy the multitude of hiking trails on conservation land all within a 5 minute drive. Boating and fishing opportunities are abundant on Damariscotta River and the 3 local lakes. Quick and easy access to Route 1. One hour to the JetPort in Portland, 30 minutes to the Farnsworth Museum in Rockland and Bowdoin College in Brunswick.

Property Details of 10 Mills Road

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2021 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Tim Dunham participates in ©2021 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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