161 Main Street, Newport, ME 04953
$2,200,000
Property Type:
Commercial
Square Footage:
10,500
Lot Size (sq. ft.):
23,087
Status:
Active
Current Price:
$2,200,000
List Date:
10/16/2025
Last Modified:
10/16/2025
Description
Unlock the potential of this Commercial property Renovations have started but aren't completed on this 11-unit apartment building property in the heart of Newport. Perfect for investors looking for an opportunity with much of the major work already done.
Key Features & Improvements:
New roof, windows, and electrical entrances.
Upgraded electrical systems.
New boiler and substantial plumbing work completed.
Sprinkler system already installed.
Generous off-street parking.
With most of the major infrastructure already in place, this property is primed for the finishing touches. The first floor could be completed and could be rented out quickly to begin generating income while finishing the remaining units.
Endless Potential: Five units with 1- bed/1 bath, 5- 2 bed/ 1 bath and 1 -3 bed/ 2 bath.
Don't miss this chance to capitalize on a project with strong bones and serious potential.
Supplements: ********
More Information MLS# 1640973
Location Information
Book: 16587
Leased Land: No
Page: 119
Map: 15
Lot: 117 & 119A
Zoning Overlay: Unknown
Tree Growth Y/N: No
Association Y/N: No
Street #: 161
Street Name: Main
Street Type: Street
County: Penobscot
Town: Newport
State/Province: ME
Zip Code: 04953
Zoning: Village commercial
Full Tax Amount $: 6356
Tax Year: 2025
Geo Lat: 44.835093
Geo Lon: -69.273571
Property Information
Primary Use: Multi Family
Surveyed: No
Deed/Conveyance Type Offered: Quit Claim
Deed: All
Bank Owned REO: No
Lot Size Acres +/-: 0.53
Year Renovated +/-: 2024
Tenancy: Multiple Tenants
Leases: No
Total # Floors: 3
Year Built: 1900
SqFt Finished Total: 10500
Location
Downtown: 1
Near Shopping: 1
Near Turnpike/Interstate: 1
Easement Remarks
Easement Remarks: see attachment
Commercial Bldg Information
Total Units: 11
Source of Water Frontage
Public Records: 1
Property Uses
Commercial: 1
Recreational Water
Nearby: 1
Construction
Steel Frame: 1
Levels
Multi-Level: 1
Basement
Full: 1
Unfinished: 1
Foundation Materials
Brick/Mortar: 1
Exterior
Brick: 1
Roof
Membrane: 1
Heat System
Baseboard: 1
Heat Pump: 1
Hot Water: 1
Heat Fuel
Electric: 1
Gas Bottled: 1
Cooling
Heat Pump: 1
Floors
Luxury Vinyl: 1
Building Features
Cable: 1
Sprinkler - Wet: 1
Parking
On Site: 1
Electric
Circuit Breakers: 1
Utilities
Utilities On: Yes
Gas
Bottled: 1
Sewer
Public Sewer: 1
Water
Public: 1
Contract Information
Status: Active
Original List Price: 2200000
List Price: $2,200,000
Current Price: $2,200,000
Property Features
Location: Downtown; Near Shopping; Near Turnpike/Interstate
Source of Water Frontage: Public Records
Recreational Water: Nearby
Construction: Steel Frame
Levels: Multi-Level
Property Uses: Commercial
Basement: Full; Unfinished
Foundation Materials: Brick/Mortar
Exterior: Brick
Roof: Membrane
Heat System: Baseboard; Heat Pump; Hot Water
Heat Fuel: Gas Bottled
Cooling: Heat Pump
Floors: Luxury Vinyl
Building Features: Cable; Sprinkler - Wet
Parking: On Site
Electric: Circuit Breakers
Gas: Bottled
Sewer: Public Sewer
Water: Public
Documents
Property Disclosure Public Access ›
Listing Office:
Better Homes & Gardens Real Estate/The Masiello Group
IDX
Last Updated: October - 16 - 2025
Broker Attribution:
melissabartlett@masiello.com
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.