Positioned on the shores of beautiful Sokokis Lake in the heart of Limerick, this rare mixed-use opportunity offers the perfect blend of lifestyle, income, and future potential. Zoned business/residential, this versatile lakefront property features two fully occupied rental units along with an established on-site laundromat creating multiple streams of revenue… Read More in a highly visible, prime location. The property has seen extensive updates throughout, including newer windows and doors, updated electrical panels and wiring, and on-demand tankless hot water systems. The roof has been replaced in phases, with half completed approximately three years ago and the remaining portion several years prior offering peace of mind for years to come. Unit A (Upper Front) is a thoughtfully designed studio, completely renovated approximately four years ago with all-new finishes at the time. Unit B (Lower Rear) was recently refreshed (July-Sept 2025) and features new flooring throughout, updated plumbing, a new stove, fresh paint, and replacement windows. Both units include dimmable lighting, adding a modern touch and enhanced comfort. The laundromat provides steady income and includes a utility room housing independent systems for heat, hot water, and security. There is also flexibility to expand--whether growing the laundromat operation or increasing residential space-- with approximately 30% expansion potential available under current zoning. Set on deep water frontage, the property boasts a private dock, swim area, and small beach access point--perfect for enjoying Maine summers. Spectacular lake views enhance both tenant appeal and owner enjoyment. Conveniently located within walking distance to local amenities--including dining, coffee shops, and more. This property combines small-town charm with everyday accessibility. Whether you're an investor seeking strong income potential or an owner-occupant looking to live and work by the water, this unique property delivers on all fronts. Read Less
Courtesy of Coldwell Banker Realty 207-282-5988
Listing Snapshot
Days Online
10
Last Updated
Property Type
Mixed Use
Square Ft.
960
Lot Size
0.3 Acres
Year Built
1950
MLS Number
1655281
Additional Details
Basement
Basement: "Walk-Out Access", "Finished", "Full"
Building
Building Area Total: 960, Construction Materials: "Other Exterior", "Clapboard", "Other", "Masonry", Year Built: 1950, 2 stories
Cooling
Cooling: "None"
Floors
Flooring: "Vinyl", "Laminate", "Carpet"
Foundation
Foundation Details: "Block"
Water Features
Waterfront Property
Heating
Heating: "Zoned", "Hot Water", "Direct Vent Heater", Heating Included
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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