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93 Townsend, Boothbay Harbor, ME 04538

Commercial property for sale

Description
93 Townsend has been completely renovated over the years and includes a full sprinkler system and a new HVAC installed on the first floor. There are 6 room rentals, plus a penthouse with views looking out at Boothbay Harbor. All units are currently priced at below market rents, and much more could be obtained by doing seasonal rents. 93 Townsend is a unique building and a terrific investment with an 11% cash return and an 11.4% Cap Rate. The first floor is currently an Irish restaurant with a two-year lease. The 2,268 SF +/- space works wells as a restaurant. However, a Bed & Breakfast, art gallery or other business would thrive at this great location with excellent exposure. This beautifully maintained and well-located building space is ripe for your ideas. The owner has reduced the sale price to way below the market value and is highly motivated. Building price details: $459,990.
Property Details

Property Type:	Multifamily
Use Types:	Retail-Commercial, Special Purpose
Status:	Available
Price:	$ 57,499 +/Unit
Number of Stories:	3
Year Built:	1930
Year Renovated:	1990
MSA:	Rockland
Zoning:	Commercial
Buildings:	1
Construction:	Wood Frame
Terms:	Cash to Seller
Added:	02/27/2012
Last Update:	07/13/2012

Note
Details Info about this row that located on 93 Townsend, Boothbay Harbor, ME 04538 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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