$540,000

About this home

$57,000 PRICE REDUCTION! YOU CAN'T GO WRONG WITH THE NEW PRICE FOR THIS 1.4 ACRES OF PRIME LEVEL LAND IN THE CENTER OF TOWN! On Main Street, this well-maintained building with over 6200 sq ft of living space is filled with town history from the first Post Office to a hospital to an inn and tavern to the former Nugent Motor Company and still in the Nugent family. Currently the front commercial space is well appointed and houses "Creative Native", a store filled with crafts, collectables, art, jewelry and beautiful gift ideas. Upon the sale of property, inventory will be removed (manly consignments) and this large space will be available for commercial use again or transferred into another apartment. Besides this storefront, there are 4 units. 3 of the units have access to the pleasant, covered porches in the rear. One tenant is himself using 3 units. Upon the sale, this tenant will be moving. The last unit is the owner's living quarters and has direct entry to the garage. There is room for increase income as currently one tenant is using all 3 two-bedroom units. Maintenance & updates include a new storage shed, freshly painted exterior, standby generator and an extensive video surveillance camera system. The amount of land included offers so much potential for unique commercial development. Possibly a motel, private restaurant, popular food chain or store, or keeping the existing building for income and building a new residence in the back or another apartment building.. Endless opportunities. The land is actually 2 parcels combined. Bring your ideas to realization! The new price, the location and the size of this property downtown offers potential like no other!

Property details

MLS #

5085287

Property type

Residential Income

Subdivision

N/A

Status

Active

Days on market

110

On market date

N/A

Stories

N/A

Garage spaces

1

Lot size

1.4 acres

Nearby schools

Within 10 miles · public school directory data (NCES)