207-778-2755Call Now272 Morrison Hill Rd, Farmington, ME

$1,365,000
MLS#: 1623703
  • Type: Commercial
  • Lot Size: 0.06 Acres
  • Year Built: 1864

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Property Details

MAKE AN OFFER, MOTIVATED SELLER! Rare Oceanview Investment Opportunity, Mixed-Use 7-Unit Property in Prime Midcoast Location! Located just steps from the beach and park, this nearly 8,000± SF mixed-use building sits directly on high-traffic US Route 1A (11,000-16,000 cars/day) and is currently the only commercial/residential property available along this highly visible Midcoast corridor and is priced below current retail assessed value. Property features: • 2 Commercial Units, situated on a newly renovated street in Searsport's Historic Tax Credit District (HTC). • 5 Residential Units have been newly constructed, each with smart home systems, marble finishes, porcelain tile, and glass showers, including the water view 4th floor Penthouse. • Ocean views, exceptional exposure, and pedestrian traffic from nearby attractions. This nearly turnkey asset has strong ROI potential. Ideal for investors seeking a premium coastal property with stable rental income, tax benefits, and minimal upkeep. List of rental inquiries available. Don't miss this opportunity to own a high-performance property in one of Maine's most desirable seaside communities. Showings by appointment only.

Property Listed by: RE/MAX JARET & COHN

Home Features

Bathrooms:
0
Basement:
Construction:
Year Built:
1864
Roof:
Stories:
4
Heating:
Cooling:

Land Features

Electric:
Circuit Breakers
Lot Size ±:
0.06
Sewer:
Public Sewer
Zoning:
Commercial

Map (approximate)

Realtor MLS

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.