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0 Baths
11,157 sqft

$914,000

1642 Atlantic Highway, Warren ME, 04864

Built in2009
Property size11,157 sqft
Property typeCommercial
Courtesy of SVN The Masiello Group

Overview

Active

Listed Jul 16, 2026

Updated 35h ago

Rare opportunity to acquire a diversified income-producing property consisting of a newly renovated duplex, a commercial building with ten storage/commercial rental units, and a fully renovated single-family residence. Strategically located approximately one mile north of Route 90 and directly across from Ande's Variety & Take Out, one of the area's busiest retail destinations, the property benefits from excellent visibility, strong traffic counts, and a highly desirable commercial location. The duplex is currently undergoing a comprehensive renovation and, upon completion (anticipated in September), will feature two spacious residential apartments designed to attract quality tenants. The first-floor unit includes direct access to an attached two-car garage, while a newly paved driveway and expanded parking area further enhance tenant appeal and marketability. The interior of the single-family residence was extensively renovated approximately one year ago and is currently rented. The commercial building contains ten rental storage/commercial units, providing an opportunity as an established income component while offering flexibility to accommodate a variety of tenants. Combined with the residential units, the property offers a diversified rental portfolio that helps reduce income risk and enhances long-term investment stability. This property presents an outstanding opportunity for investors seeking the ability of having and expanding cash flow investment. When the renovations are completed and the duplex reaches stabilized occupancy, the property is well-positioned to generate increased rental income while benefiting from long-term appreciation. The combination of multiple revenue sources, recent capital improvements, strong location, and limited deferred maintenance creates an attractive investment with excellent potential for both income growth and asset appreciation.

Additional information

MLS® ID
1672228

Interior Features

Bathrooms
0
Heating
Yes
Basement
No

Exterior Features

Lot Size
2.57 Acres

Other Property Details

Taxes
$4,518
Tax Frequency
Annually
MLS provider logo

Listing Contact: 207-495-7518

Listed by Douglas Erickson with SVN The Masiello Group 207-495-7518

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Data is refreshed every 3 hours. Listing last updated at 6:46 AM UTC, 10/9/2026

 

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