Harpswell Multi-Family Investment Property

Multi-Family for Sale
Catylist Listing ID: 30149499
Property Subtypes: Mixed Use, Other
Number of Units: 5 Units
Building Size (RSF): 8,167 SF
Gross Building Area: See Agent
Gross Land Area: 29.78 Acres
Sale Price: $570,000
Unit Price: $114,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/20/2017

Overview / Comments

We are pleased to offer for sale this multi-family investment property with commercial component in Harpswell, Maine. There are three mobile home units, a duplex apartment unit and a restaurant (formerly Middle Bay Lobster), a heated garage and workshop. The property offers a combined total of 29.78 acres of surveyed land with approximately 7 acres in use and 23 acres available for development. There are elevated portions of undeveloped land holding great potential for harbor and ocean views. Many possibilities exist for this unique property.

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 52/000/008
Zoning: RES/COM
Airports: Brunswick Executive Airport
Area Description: Harpswell is a town in Cumberland County, within Casco Bay in the Gulf of Maine. The population was 4,740 at the 2010 census. Harpswell is composed of land contiguous with the rest of Cumberland County, called Harpswell Neck, as well as three large islands connected by bridges: Sebascodegan Island (locally known as Great Island), Orr's Island and Bailey Island and over 200 smaller islands. Harpswell is part of the Portland–South Portland–Biddeford, Maine Metropolitan Statistical Area.
Total Number of Buildings: 5
Property Condition: Good
Number of Stories: 2
Year Built: 1998
Roof Type: Gable
Parking Type: Surface
Heat Type: Propane, Other
Fuel: Propane, Other
Water Service: Well
Sewer Type: Septic
Easements: Ingress/Egress, Utilities
Easements Description: Right of way over first part of Ellen Way and utility easements

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,455 18,439
Median Age: 49.89 44.18
Households: 1,993 7,540
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