19 Mason ST new Save Request In-Person Tour Request Virtual Tour
Brunswick,ME 04011
Key Details
Property Type Commercial Sale
Sub Type Mixed Use
Listing Status Active
Square Footage 3,284 sqft
Price per Sqft $302
MLS Listing ID 1625920
Year Built 1900
Annual Tax Amount $6,673
Tax Year 2024
Lot Size 8,276 Sqft
Property Sub-Type Mixed Use
Property Description
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 four units, the building generates a projected gross annual rent of $90,000, resulting in a solid 7.5% 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. Two long-term tenants are currently in place, with leases secured through April 2027, 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 1625919.
Location
State ME
County Cumberland
Zoning Commercial
Interior
Heating Zoned,Hot Water,Forced Air
Cooling None
Flooring Wood,Tile
Exterior
Parking Features 1 - 4 Spaces,Off Site,On Site
Utilities Available 1
View Y/N No
Roof Type Membrane,Metal,Other
Building
Lot Description Rail Available,Near Shopping
Story 3
Foundation Stone,Granite,Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Wood Siding,Wood Frame
Others
Virtual Tour https://www.harbor-photo.com/19masonst