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234 Main Street, 
Lovell, ME 04051

$350,000


Bed


3

Baths


3,400

Sq Ft


Multi-Family

Active

Listed by

Edward Larochelle

Keller Williams Realty

Last updated:

June 5, 2025, 03:05 PM

MLS#

1614504

Source:

ME MREIS

About This Home

234 Main Street

Commercial Multi-Family Mixed-Use Property For Sale A Prime Investment Opportunity Nestled in a bustling neighborhood, a unique commercial multi-family mixed-use property is now available for sale. This property presents an exceptional investment opportunity, combining commercial space with residential rentals, ensuring a steady income stream. The Commercial Floor The first floor of this property has a rich history, having housed a successful convenience store and restaurant for many years. Although currently closed, the business can be effortlessly revived, thanks to the inclusion of all store and restaurant equipment with the sale. This turn-key opportunity means that entrepreneurs can hit the ground running without the hassle of sourcing and purchasing new equipment. The space is not limited to a convenience store and restaurant; it is also well-suited for general retail. With its prominent location and the adaptability of the space, a variety of businesses could thrive here, from boutique shops to service providers. The adaptable layout can accommodate different retail needs, making it an attractive option for potential tenants or owner-operators. The Residential Floor Above the commercial space, the second floor comprises three fully occupied apartments, adding another layer of financial stability to the property. These well-maintained units provide comfortable living spaces, ensuring high tenant retention and demand. • Apartment 1: A spacious two-bedroom, one-bathroom unit, perfect for small families or roommates. • Apartment 2: Another well-appointed two-bedroom, one-bathroom unit, offering similar amenities and comfort. • Apartment 3: A cozy one-bedroom, one-bathroom unit, ideal for singles or couples. Investment Potential This property is a lucrative investment opportunity. The combination of commercial and residential spaces ensures diversified income, reducing risk and maximizing returns.

Home Facts

Multi-Family

3 Baths

Built in 1865

Price Summary

350,000

$102 per Sq. Ft.

MLS #:

1614504

Last Updated:

June 5, 2025, 03:05 PM


Rooms & Interior

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

3,400 Sq. Ft.


Structure

Structure

Building Area:

3,400 Sq. Ft.

Year Built:

1865


Lot

Lot Size (Sq. Ft):

16,552


Finances & Disclosures

Finances

Price:

$350,000

Price per Sq. Ft:

$102 per Sq. Ft.

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MREIS Multiple Listing Service™ system Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved

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