20 Canal Street Machias, ME
$524,000
Square Footage 1,790
Acres 1.91
Description
Discover an exciting investment opportunity with unlimited possibilities on the Machias River. This property features a 3-unit apartment building with a first-floor 2-bedroom unit, a second-floor 2-bedroom unit, and a spacious two-story 3-bedroom unit facing the river. The river unit has been completely redone from head to toe and is move-in ready, featuring all new appliances, flooring, paint, and vanities. Ample parking is available, along with a former commercial building and a small shed.
A standout feature is the flexible zoning, allowing you to build within 25' of the water's edge. Whether you're considering cabins, a hotel, commercial enterprises, or residential development, this property caters to all.
Situated on 1.91 acres of surveyed land, annual taxes are $3,418.62. Don't miss this unique opportunity to invest in a property with boundless potential.
Listed by United Country Lifestyle Properties of Maine, Spencer Wood 207-794-6164
Details
MLS 1599394
Status Active
Price $524,000
DOM 131 days
Type Commercial
Square Feet 1,790 sqft
Lot Size 1.91 acres
Year Built 1900
Taxes Paid $3,418
Lot & Building Features
Cooling None
Tax Year 2023
Taxes Paid $3,418
Room Details
Basement Description Full
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.