192 Elm St, Newport ME

Investment property with two buildings located on busy Routes 2/7 and less than one mile to Maine Turnpike Exit 159. The town of Newport is the shopping/service center of the surrounding area and this property is conveniently situated to cater to the outlying community. The front building is 4,800+/- SF and is currently occupied by Home Hardware & More. Note: the hardware business is not for sale. This building features an open concept retail area, small office, two half baths, and second floor mezzanine used as production space. The mezzanine was renovated with new flooring , lighting and paint two years ago. The metal siding is three years old and the vinyl siding on the front of the building is new. This business is currently a tenant at will and can remain if a new owner is interested or will vacate should a new owner choose to occupy the space themselves. The rear building is a 3,000+/- SF warehouse with one drive-in bay and brand new 200 amp electrical service. This building is currently shared by Home Hardware & More and a second tenant and is ideal for storage or a larger scale repair/workshop. Both buildings share a paved parking lot with approximately 8-10 spaces.

Dennis Wheelock Listing Agent

Dennis Wheelock

office: (207) 242-5588
cell: (207) 242-5588

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  • Asking price $549,000
  • Files 192 Elm - BROCHURE
  • Lease or sale SALE
  • Sale terms Cash to Seller
  • Location 192 Elm St, Newport ME
  • Building status Existing
  • Land sq/ft
  • Car taffic 6,020 per DAY
  • Propety type RETAIL COMMERCIAL
  • Property sub-type(s) Free-Standing Building, Mixed Use
  • Zoning VILLAGE
  • Total buildings 2
  • Rentable size 7,800 SQUARE FOOT
  • Year built 1994
  • Listing status ACTIVE
  • Last updated 11 days ago