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8 & 5R Lindsey Street, Rockland, ME 04841

$1,475,000
Property Type: Multi-Family Baths: 3 Square Footage: 1,980 Lot Size (sq. ft.): 14,810 Status: Active
Current Price: $1,475,000 List Date: 10/20/2023 Last Modified: 11/13/2023

Description

If you're looking for a prime development opportunity in one of Maine's hottest cities, look no further. Across the street from an upscale boutique hotel, the spacious two-unit residential building at 8 Lindsey St. features vaulted ceilings, private parking and a large front patio. The building has an expansive, unfinished lower level overlooking the rear lot that is waiting to be turned into more residential or a commercial space. The rear lot at 5R Lindsey St. is a blank canvas with tremendous potential. Sitting within Rockland's flexible Downtown zone with minimal setbacks and a building height limit of 65 ft, the property could be developed into a mixed-use or residential development with views over the city and out to the famous Rockland Breakwater. Continue to rent the existing building, develop the basement and adjacent lot, or tear down the existing structure and develop the full .34 acres. There are all kinds of options with this property package.

Supplements: ********

More Information MLS# 1575391

Location Information

Street #: 8 & 5R Street Name: Lindsey Street Type: Street County: Knox Town: Rockland State/Province: ME Zip Code: 04841 Leased Land: No Book: 5131,5891 Page: 205-207,311-312 Map: 004 Lot: 000004 Zoning: Downtown Zoning Overlay: Unknown Association: No Full Tax Amount $: 6196 Tax Year: 2022 Geo Lat: 44.105879 Geo Lon: -69.11049

Contract Information

Status: Active Original List Price: 1475000 List Price: $1,475,000 Current Price: $1,475,000

Property Information

Surveyed: No Seasonal: No Number of Units: 2 Total Baths: 3 Total Full Baths: 2 Total Half Baths: 1 Year Built: 1900 SqFt Finished Above Grade: 1980 SqFt Finished Total: 1980 Garage: No Lot Size Acres +/-: 0.34 Source of Acreage: Public Records

Compensation & Misc Info

Buyer Agency: 2 Buyer Agency Type: %

Water Info

Water Frontage: No Water View: No

Income & Expenses

Gross Income: 48600 Operating Expenses: 15636

Units

# of 1 BD Units: 1 # of 2 BD Units: 1

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1550 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 2500 # Full Baths: 1 # Half Baths: 1 # of Rooms: 3 # of Bedrooms: 2 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Property Features

Site: Level Location: Business District; Intown; Near Shopping Roads: Gravel/Dirt; Paved; Public; Right of Way Style: Other Style Construction: Wood Frame Basement: Daylight; Walkout Access Basement Entry: Walk-Out Foundation Materials: Brick/Mortar; Pillar/Post/Pier; Poured Concrete Exterior: Vinyl Siding; Wood Siding Roof: Flat; Membrane; Pitched; Shingle Heat System: Baseboard Heat Fuel: Oil Water Heater: Off Heating System; Oil Cooling: None Floors: Laminate; Tile; Vinyl; Wood Amenities: 1st Floor Bedroom; Sprinkler Driveway: No Driveway Parking: 1 - 4 Spaces; Off Street Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public
Listing Office: Legacy Properties Sotheby's International Realty
Last Updated: November - 13 - 2023
8 & 5R Lindsey Street, Rockland, ME 04841- MLS# 1575391
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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