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

$1,299,900
MLS#: 1641064
  • Type: Commercial
  • Lot Size: 0.23 Acres
  • Year Built: 1869

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Property Details

Own a piece of historic Downtown Bangor with the Rines Building, a versatile fully occupied commercial 11-unit mixed-use property spanning 43-49 Main Street. This expansive 13,380+ sq. ft. building offers a diverse income stream, featuring retail, office, and residential spaces—perfect for investors or owner-occupants. The first floor features two retail storefronts. One is a 1,540 sq. ft. space currently leased to a gift shop, complete with a kitchenette, half bath, rear offices, and access to a finished basement. The second, a 5,000 sq. ft. storefront, presents an excellent owner-occupied business or investment opportunity. Currently leased to a large toy-store it boasts an elegant mezzanine overlooking the showroom, a break room, kitchen, half bath, and ample storage. The first floor also includes additional rear storage, offices, and full basement access. On the second floor, accessible via a separate entrance, six office suites. A shared bathroom is located off the main hallway, and a rear door provides a second egress to Columbia Street. The third-floor houses three rental units, including two spacious one-bedroom apartments with living rooms, kitchens, dining areas, and bathrooms, all featuring vaulted tin ceilings. The third unit is a cozy efficiency with an open living/dining/kitchen space, plus a separate bedroom and bath. Additional amenities include natural gas heating, on-site coin-operated laundry, and four dedicated parking spaces on Columbia Street. With its prime downtown location, strong rental potential, and mix of commercial and residential spaces, this property is an exceptional investment opportunity.

Property Listed by: Realty of Maine

Home Features

Bathrooms:
0
Basement:
Construction:
Year Built:
1869
Roof:
Stories:
3
Heating:

Land Features

Electric:
Circuit Breakers
Lot Size ±:
0.23
Sewer:
Public Sewer
Zoning:
DDD

Map (approximate)

Realtor MLS

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