103 SPG ST

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103 SPG ST

DEXTER, ME 04930
Asking Price
$150K
Asset Type
Religious/Church Mixed-use
Class
Class B

What's Special

103 Spring Street is positioned in the commercial center of Dexter, Maine, situated within a historic district characterized by a blend of traditional brick architecture and local enterprises. The property offers proximity to regional amenities including the Abbott Memorial Library, municipal offices, and the recreational corridor of Lake Wassookeag. Access to the site is provided via State Routes 7 and 23, which serve as the primary transportation arteries connecting Dexter to the neighboring hubs of Newport and Dover-Foxcroft. As a mixed-use asset, the building is suited for a combination of ground-floor retail or professional office space with upper-level residential units. The layout supports small business owners or service providers seeking high visibility and foot traffic within the town’s core. Typical tenants include local boutique retailers, consultancy firms, and long-term residential occupants looking for a walkable, centralized environment. The property’s configuration allows for diversified income streams through both commercial and residential leasing.

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NOI
$80,000
Cap Rate
53.37%
DSCR
8.99
Strong
Cash-on-Cash
158.11%
Monthly Payment
$741.623
Annual Cash Flow
$71,100.519

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