For Sale

Multi-Level,Other Style, Single Family Residence – Kingfield, ME

$699,000

Description

Remarks:Beyond real estate development is community development; calling all visionaries interested in shepherding the next small-town comeback in the Northwestern Mountains of Maine. Located on THE prime corner in Kingfield, just a short drive from Sugarloaf Mountain is a commercial property featuring mixed-use spaces and a vacant lot, offering abundant possibilities to be imaginative and creative. This property features regional recognition for its most recent use as the Sugarloaf Shops, and the Maine Ski & Snowboard Museum. Historically dating back to around 1853 it housed Strickland’s Dry Goods Store, as well as a blacksmith’s shop, shoe shop and a drug store. Current occupants include Refresh Smoothie Bar, Western Maine Dance Center, Kingfield Made in Maine, an on-site Property Management Office, Two Apartment Units (1Bed/1Bath and 2Bed/2Bath), the lot that is included, is buildable with town approval. Giving this property endless possibilities for more growth. Including a recently renovated office space, a time-capsule that is the 3rd story. This is a prominent investment opportunity in an established community that has energy and ideas. Recent capital improvements as well as residential and commercial leases are established, creating a solid foundation to partner with the locals and reinvigorate Main St Kingfield.Owner financing option available with 40% down, 5 year balloon payment, rate TBD.
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