10 Mills Road

Newcastle

$349,000
ActiveMLS# 1481059
  • Commercial
  • Built in 1845
  • 0 AC
  • 6U
  • 1,869 SqFt
Drum & Drum Real Estate Inc.

An amazing investment opportunity for the buyer looking for an in-town commercial building. The possibilities are endless! Continue with the current use as an office building with the potential for monthly rental income of approximately $3,300 when fully-occupied. Other options might include (1) 1st floor retail space with residential living upstairs. (2) conversion back into a single family residence or condominiums. Since 2006, many property improvements include spray-foam insulation in cellar, heat pumps & solar panels plus electrical service upgrades. Wonderful 2 story attached barn with garage space and ample storage; it would make a fabulous studio or workshop. Conveniently located in the center of the historic village of Newcastle with sidewalks leading to Lincoln Academy, all shops and restaurants, town marina, Skidompha library and LincolnHealth hospital system. Outdoor enthusiast will enjoy the multitude of hiking trails on conservation land all within a 5 minute drive. Boating and fishing opportunities are abundant on Damariscotta River and the 3 local lakes. Quick and easy access to Route 1. One hour to the JetPort in Portland, 30 minutes to the Farnsworth Museum in Rockland and Bowdoin College in Brunswick.

  • Year Built 1845
  • County Lincoln
  • City Newcastle
  • Lot Size 0 acres
  • Zone Village Business
  • Location Business District, Downtown, Historic District, Near Shopping
  • Full Tax Amount $3,689.00
  • Tax Year 2020
  • Leases Partial
  • Total Units 6
  • Basement Bulkhead, Full, Sump Pump, Unfinished
  • Amenities Internet Access Available, Storage
  • Construction Wood Frame
  • Exterior Clapboard, Wood Siding
  • Foundation Materials Granite, Stone
  • Basement Bulkhead, Full, Sump Pump, Unfinished
  • Roof Composition, Shingle
  • Heat System Baseboard, Heat Pump, Hot Water, Multi-Zones
  • Heat Fuel Electric,Oil,Solar
  • Gas No Gas
  • Cooling Heat Pump
  • Electric Circuit Breakers,Photovoltaics Seller Owned
  • Water Public
  • Waste Water Disposal Public Sewer
  • Parking 5 - 10 Spaces, Garage, Gravel, On Site, Paved