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About the Listing 2742 - 001989
This is a rare opportunity to invest in a prime mixed-use building in the heart of downtown Brunswick. Located in the highly sought-after GM6 District, this expansive property offers nearly 5,000 square feet of space and excellent visibility in a high-traffic area—ideal for residential, commercial, or combined use. Currently configured as 4 units, the building generates a projected gross annual rent of $90,000, resulting in a solid 8% CAP rate. Over the past four years, the property has undergone extensive renovations, including the installation of three new heating systems, the addition and renovation of multiple bathrooms, a full remodel of a two-bedroom, two-bath residential unit, and the installation of new windows. Additional upgrades include construction of a two-story staircase to provide a second egress, exterior painting, foundation repairs, and a storefront conversion. Three long-term tenants are currently in place, with 2 leases secured through 4/27 and 1 lease secured thru 9/28 offering immediate and stable rental income. This well-maintained and versatile building is a standout investment opportunity in a growing and vibrant downtown district. Cross Reference Multi Family Listing : MLS 1562919
Listing Highlights
Status
Active
Days on Site
181
Property Type
Commercial Sale
MLS ®
1625920
Year Built
1900
Total Square Footage
4,924
Lot/Acreage
0.19
County
Cumberland
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: Zoned,Hot Water,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Walk-Out Access,Daylight,Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Rail Available,Near Airport,Near Shopping
- Garage Capacity: N/A
- Zoning: Commercial
- Roof: Membrane,Metal,Other
- Others:
- Sewer: Public Sewer
- Parking Features: 1 - 4 Spaces,Off Site,On Site
Financial Details
- Tax Amount: $8,672
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
19 Mason St Brunswick, ME 04011
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