13 & 15 High St, Ellsworth, ME 04605

Property Description

Spectacular Commercial & Multi-Unit Investment Opportunity in the Heart of Ellsworth. Investors and owner-occupants take note! This exceptional Ellsworth property offers a rare combination of established rental income, commercial space, and future development potential—all in one convenient location. The offering includes two buildings plus an adjacent 0.16-acre buildable lot, creating an unusually versatile investment opportunity. The 1850 renovated Victorian at 13 High Street features two well-maintained 2-bedroom, 1-bath apartments, blending historic character with modern updates. The 1982 building at 15 High Street adds even more versatility with two 2-bedroom, 1-bath apartments, one 1-bedroom, 1-bath apartment, and a large commercial space currently occupied by a hair salon. With both residential and commercial income, this property offers a diverse and flexible investment profile. Numerous improvements over the past five years include new heat pumps, a new roof, added insulation, remodeled kitchens, paved parking, upgraded electrical and plumbing, new appliances, fencing, lighting, and more. Much of the heavy lifting has already been done, allowing a new owner to focus on maximizing the property's income potential. The real bonus is the adjacent 0.16-acre lot, which includes a paved driveway and zero-lot-line restriction, creating the possibility of adding another rental property, subject to municipal approvals and permitting. Generate income today and position yourself for tomorrow. With multiple residential units, commercial space, extensive recent improvements, and additional land for potential development, this is a truly versatile Ellsworth investment with plenty of room to grow.