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Bean Group
Offered at $219,000Active
beds
—
baths
4
sq ft
2,320
Built
1900

6 Park Street

Cherryfield, ME 04622

About this home

Investment Opportunity in the Heart of Cherryfield! Located in the heart of Cherryfield, this versatile three-unit property offers a unique opportunity for investors, entrepreneurs, or those looking to combine residential and commercial space under one roof. With views of the Narraguagus River and a convenient in-town location, this property offers plenty of possibilities. The building features 2,320 square feet of space arranged into three separate units. The first floor includes a commercial storefront with a half bath, ideal for a small business, office, or retail space. Also on the first floor is a separate two-bedroom apartment. Spanning the second and third floors is a spacious three-bedroom, two-bathroom apartment, offering generous living space and river views. Situated on a manageable 0.04-acre lot, the property offers the convenience of an in-town setting with nearby local amenities. Whether you're looking to generate rental income, establish a business while living on-site, or add a mixed-use property to your investment portfolio, there is plenty of potential here. The building does need some maintenance and updates, providing an opportunity for a new owner to make improvements and build value over time. With its flexible layout, multiple units, and desirable village location, 6 Park Street is ready for someone with the vision to make the most of its possibilities!

Listing last checked: Listing updated:

Listed by Listing Agent · Realty of Maine · MLS #1684577

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Details at a glance

Interior3 property facts
Heating
Electric, Heat Pump
Cooling
Heat Pump
Flooring
Carpet, Tile, Vinyl, Wood
Building5 property facts
Style
Other
Year built
1900
Garage
0
Foundation
Stone
Roof
Shingle
Land & utilities4 property facts
Lot size
0.04 acres
Water
Well
Sewer
Septic Tank
Zoning
Residential
Financial2 property facts
Annual taxes
$2,717
Assessment year
2026

Location

Estimated monthly cost

Explore costs at the $219,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$1,334 / monthAdjust
Principal & interest
$1,107
Property tax
$226
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $2,717. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 6 Park Street

Can I request a private showing?

Request a tour of 6 Park Street and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.