About this home
Downtown Gardiner Retail leased to Reny's + Apartment 177 Water Street presents a compelling opportunity for investors or potential owner- occupants in the heart of downtown Gardiner. The property is anchored by a nationally recognized tenant, Reny's Department Store, with approximately three years remaining on the current lease, providing stable income. The upper level features a fully renovated, high-end residential apartment on the third floor, offering additional revenue or the option for an owner-occupied setup. This well-located, mixed-use asset combines dependable tenancy, quality residential space, and long-term upside in a desirable commercial corridor.
Listing last checked: Listing updated:
Listed by Listing Agent · CORE · MLS #1627475
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Details at a glance
Building2 property facts
- Style
- Mixed Use
- Year built
- 1880
Land & utilities2 property facts
- Lot size
- 0.04 acres
- Zoning
- Traditional Downtown
Financial2 property facts
- Annual taxes
- $5,655
- Assessment year
- 2024
Location
Estimated monthly cost
Explore costs at the $475,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,873 / monthAdjust
- Principal & interest
- $2,402
- Property tax
- $471
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $5,655. 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 177 Water Street
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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