Looking to own real estate that can support commercial and residential uses all under one roof If so, then you need to check out this 13-acre lot in Millinocket that has TWO income generating buildings on it. These two mixed-use buildings offer up storefront, apartment, and duplex spaces that will, no doubt, allow you to optimize your profit.
The first building has a turnkey retail space that formerly operated as a successful tattoo shop on the ground floor and a 2-bedroom rental residence on the second floor. An enclosed porch was recently added to the backside of this building and a new Biasi hot water system was installed. The second building is a 2-family duplex that has been gutted down to the studs and is ready for its next owner to transform it into a masterpiece of their own design. Attached to this building there is also a 42' x 32' garage that has been converted into a barn/storage area for use by any of the commercial or residential tenants. Combined, both buildings offer up approximately 4,000 square feet of space that can be capitalized on.
Small business owners and landlords know that location plays a big role in making or breaking business. In this case, the location of these properties could not be any better. Located right on Main Street in Millinocket, these two buildings are within walking distance of multiple restaurants, bars, retail shops, essential government services, healthcare clinics, grocery stores, and banks. They are also a short 10-minute drive to the southern entrance of Baxter State Park which offers up countless recreational opportunities. With an estimated 60,000 tourists driving past Main Street on their way to Baxter State Park each year, the location of these properties provides you with significant exposure to customers and/or tenants.
Both buildings are served by town water and sewer systems, have plenty of parking onsite, access to high-speed fiber optic internet infrastructure, and potential to benefit from millions of dollars in tax credits, reimbursements, grants, and loans that are currently being used to incentivize local business owners.
If you are considering a mixed-use real estate investment, this is certainly one to consider. After decades of disinvestment, Millinocket is ready to reclaim its future and has embarked on a massive Community Revitalization project. There are many public and private investors who are investing deeply in Millinocket's industrial and downtown communities and for the first time in a long time Millinocket is on the upswing. Do not miss this opportunity to get in on the ground floor of Millinocket's resurgence -- your efforts, and investments, have the potential to pay dividends here.