Description
Exceptional investment opportunity with strong income potential and multiple use options. Sitting on 5.81 acres in Lincoln, Maine, this versatile property is currently configured with a thriving first-floor commercial space, and two residential units above, offering the possibility to offset expenses or generate consistent rental income. The main level is presently operated as a chiropractic office featuring multiple treatment rooms, private office, and both a full and a half bath. This space could continue as a professional setting or could be easily converted into an additional residential unit. Upstairs, you will find two updated apartments, each offering one bedroom, an open concept kitchen and living area, a full bath with laundry as well as a an attached storage room. Both units enjoy abundant natural light with an inviting atmosphere. The property also includes four storage units ready to generate additional income, along with an attached garage space ideal for vehicle, boat, or equipment storage. Behind the building is a gravel pad where a mobile home was once placed providing excellent opportunity for another mobile home or future expansion. Set on a spacious, wooded lot, the rear of the property features an old road that could be opened back up for further development or additional building lots. A large parking area provides ample space for commercial or residential use. Conveniently located near local shopping, schools and dining, this property gives you the flexibility, income potential, and room to grow making it an ideal choice for investors or owner-occupants looking to build equity while generating revenue. Seller is a semi-retiring chiropractor and motivated to sell!
Details
| MLS # | 1657478 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1970 |
| Days On Site | 160 |
| Listing Provided By | NextHome Experience | Jaime Gilbert |
Features
| Bath(s) | 2 Total |
|---|---|
| SQ Feet | 4,596 |
| Garage | 1 |
| Units | 2 |
| Zoning | Commercial |
| Acreage | 5.81 |
Interior
| Interior Features | Shower |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Heat Pump |
| Laundry Features | Upper Level |
| Furnished | Unfurnished |
| Amenities Co Amenities | Laundry - 2nd Floor, Shower |
Exterior
| Roof | Metal |
|---|---|
| Foundation Details | Slab |
| Lot Features | Near Shopping, Near Town, Level, Open Lot, Wooded |
| Construction Materials | Wood Frame, Vinyl Siding |
| Exterior Co Exterior | Vinyl Siding |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Garage Yes / No | Yes |
| Parking Features | Gravel, 11 - 20 Spaces |
Utilities
| Utilities | Utilities On |
|---|---|
| Sewer | Private Sewer |
| Electric | Circuit Breakers |
Taxes
| Tax Annual Amount | 4769 |
|---|---|
| Tax Book Number | 17093 |
| Tax Year | 2025 |
| Tax Lot | 42 |
| Tax Map Number | 46 |
Area Information
| State | ME |
|---|---|
| County | Penobscot |
| City | Lincoln |
| Zip Code | 04457 |
| Area | Penobscot |
| School District | RSU 67 |
| Listing VS Median (in 04457) | |
Price: $459,000 low | high Med: $254,950 sqft: 4,596 low | high Med: 2,540 $ / sqft: $100 low | high Med: $125 On site: 160 low | high Med: 82 | |
Market Activity 04457
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Learn More About This Property
| State | ME |
|---|---|
| County | Penobscot |
| City | Lincoln |
| Zip Code | 04457 |
| Area | Penobscot |
| School District | RSU 67 |
| Listing VS Median (in 04457) | |
Price: $459,000 low | high Med: $254,950 sqft: 4,596 low | high Med: 2,540 $ / sqft: $100 low | high Med: $125 On site: 160 low | high Med: 82 | |