Price Reduced 25.06%

$299,000

Est. Mortgage $0/mo *

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Price History

$399,000
6/20/2024

$349,000
7/1/2024

$299,000
8/5/2024

7-11 Lorette Lane, Augusta, ME, 04330

7-11 Lorette Lane, Augusta, ME, 04330
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8 rooms

4 beds

2 Full baths

1900

Cape

1,581 sqft

Augusta- Incredible opportunity to own a versatile property offering both residential and commercial possibilities within its own secluded space! This beautiful property features a two-story commercial office building, perfect for a variety of uses and easily adaptable for multiple businesses with its front, side, and rear entrances. The downstairs is a blank slate ready for it's new owners finishing touches. Tons of parking! The residential component includes a 4-5 bedroom, 2-bath home with a detached 2-car garage and a spacious backyard, ideal for relaxation and family gatherings, though it does require rehab prior to occupancy. Additionally, there's a large storage/workshop space with high ceilings, divided into separate sections, one of which is occupied by a long-term tenant. This property is perfect for an entrepreneur looking for a unique live-work setup or an investor seeking diverse income streams. Must be a cash or strong conventional purchase. Seller will consider owning financing.

Status:

Active

Type:

Single-family residential

Laundry Remarks:

Laundry - 1st Floor, Main Level

Zoning:

RD

Garage:

2-car

Heating:

Radiator, Hot Water

Cooling:

None

Basement:

Full, Interior Entry

Parking:

5 - 10 Spaces, Paved, Detached

Acreage:

1.24

Est. Taxes:

$5,868

Construction

Vinyl Siding, Wood Frame

Lot Description:

Level, Intown, Near Shopping, Near Turnpike/Interstate

Amenities:

1st Floor Bedroom, Bathtub

MLS #:

1594058

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Brookewood Realty