107 Water Street
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107 Water Street
705 SF Office Building Farmington, ME 04938 £191,700 (£272/SF)
Investment Highlights
- Heavy traffic area but nestled on private lot away from congestion
- Bright and sunny throughout, double driveway with ample parking, public water & sewer, monitor & heat pump, and full finished basement
- In town, close to all other amenities & shopping, and just a few minutes from University of Maine Farmington
Executive Summary
Charming building with numerous possibilities located within a high traffic area yet nestled away from the busy congestion. In town, close to all other amenities & shopping, and just a few minutes from University of Maine Farmington. Bright and sunny throughout, double driveway with ample parking, public water & sewer, monitor & heat pump, and full finished basement. One level with a large front room, back room / office space, side room previously used as 3-bay hair salon with sinks still intact, back entryway, and full bathroom. Though it was previously used as office space and a hair salon, there are many opportunities for various businesses to thrive. Can also check with the town about converting to a single-family home to live in or rent for an investment opportunity. Come check it out and see what this attractive opportunity has to offer you!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
£1,390
|
£1.97
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£1,390
|
£1.97
|
Financial Summary (Actual - 2023)
| Taxes | |
|---|---|
| Annual | £1,390 |
| Annual Per SF | £1.97 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £1,390 |
| Annual Per SF | £1.97 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
705 SF
Building Class
C
Year Built
1955
Price
£191,700
Price Per SF
£272
Tenancy
Single
Number of Floors
1
Typical Floor Size
705 SF
Building FAR
0.08
Lot Size
0.20 AC
Zoning
VB - Village Business
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PROPERTY TAXES
| Parcel Number | FARN-000000-U000031-000023 | Total Assessment | £69,795 |
| Land Assessment | £27,699 | Annual Taxes | £1,390 (£1.97/sf) |
| Improvements Assessment | £42,096 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
FARN-000000-U000031-000023
Land Assessment
£27,699
Improvements Assessment
£42,096
Total Assessment
£69,795
Annual Taxes
£1,390 (£1.97/sf)
Tax Year
2023
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107 Water Street
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