About this home
Exceptional investment opportunity with strong income potential and multiple use options. Sitting on 5.81 acres in Lincoln, Maine, this versatile property is currently configured with a thriving first-floor commercial space, and two residential units above, offering the possibility to offset expenses or generate consistent rental income. The main level is presently operated as a chiropractic office featuring multiple treatment rooms, private office, and both a full and a half bath. This space could continue as a professional setting or could be easily converted into an additional residential unit. Upstairs, you will find two updated apartments, each offering one bedroom, an open concept kitchen and living area, a full bath with laundry as well as a an attached storage room. Both units enjoy abundant natural light with an inviting atmosphere. The property also includes four storage units ready to generate additional income, along with an attached garage space ideal for vehicle, boat, or equipment storage. Behind the building is a gravel pad where a mobile home was once placed providing excellent opportunity for another mobile home or future expansion. Set on a spacious, wooded lot, the rear of the property features an old road that could be opened back up for further development or additional building lots. A large parking area provides ample space for commercial or residential use. Conveniently located near local shopping, schools and dining, this property gives you the flexibility, income potential, and room to grow making it an ideal choice for investors or owner-occupants looking to build equity while generating revenue.
Listing last checked: Listing updated:
Listed by Listing Agent · NextHome Experience · MLS #1657473
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Details at a glance
Interior5 property facts
- Rooms
- 12
- Heating
- Electric, Heat Pump
- Cooling
- Heat Pump
- Flooring
- Carpet, Vinyl, Linoleum
- Fireplaces
- 0
Building5 property facts
- Style
- Single Family Residence
- Year built
- 1970
- Garage
- 1
- Foundation
- Slab
- Roof
- Metal
Land & utilities4 property facts
- Lot size
- 5.81 acres
- Water
- Public
- Sewer
- Private Sewer
- Zoning
- Commercial
Financial2 property facts
- Annual taxes
- $4,769
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $399,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,415 / monthAdjust
- Principal & interest
- $2,018
- Property tax
- $397
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $4,769. 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 442 W Broadway
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Request a tour of 442 W Broadway and a Bean Group agent will help coordinate an available time with the listing side.
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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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