MLS Number 1514829
- Address 10 Oak Street
- MLS Status Active
- Property SubType Multi Family
- Year Built 1700
Travel down Boothbay Region's most scenic coastal roads to the heart of it all where this downtown corner lot, with high foot/vehicle traffic, and plenty of rare onsite parking holds a stunning 5,000+ sqft, 6 unit (5 residential & 1 commercial) building. Currently fully occupied the building is generating a cap rate of 6.5% and has already been approved by the town for condominium conversion. Making a condo conversion easy, all units are separately metered for electric & propane and have had recent updates to the electrical, hot water tank, and a new high-efficiency furnace in the commercial space. Boothbay Harbor has strong maritime traditions with one of the best boating harbors north of Boston. Enjoy scenic harbor views, prevailing sea breezes, and boating activity with shops, dining and entertainment just steps outside the front door.
Listed by, SVN The Masiello Group