- Available Spaces
|---||Multi-Family Space||For lease: $600,000/mo||21,000 sqft|
• Year Built: 1903
144 High Street is amulti-family property for lease in Farmington, ME. The property currently has 1 multi-family space for lease and is marketed by Baldacci Real Estate Group.
Great opportunity for historic rehab and sale lease back!! 144 High Street is, located in the middle of downtown Farmington, and currently houses the regional office of Tri-County Mental Health Services. It is the former Ingalls School, built in 1903. It has three full levels, including the daylight level first floor. Tri-County has operated offices in the building for several years but is now consolidating it use of the space to the daylight basement level. This frees-up the 7,000 square feet on each of upper two floors for other uses. These include residential apartments as the most likely use on the the upper levels, but the space would also be suitable for office, educational or other uses.
Tri-County would like to sell the building and lease back the 7,000 square foot first level. A lease-back is, however, not a requirement for the sale.
The structure was originally built as the local High School in 1903, and is of a design that should make it eligible to be listed on the Historic Register. This would likely make rehabilitation of the property eligible for federal and state tax credits.
The property is located one block from the center of the downtown of Farmington and on the edge of the campus of the University of Maine at Farmington. Both of these factors make the property highly marketable as a site for rental housing as it is convenient to the school and the Downtown shopping and service area.
The property has been well maintained by Tri-County. It has a modern, three level elevator, and a modern oil fired, efficient, multiple zoned heating system. The building also has a modern sprinkler system. It has 20 parking spaces combined in the front and rear of the building. It has handicapped accessible entrances at both the front and the rear. The exterior and the roof are well-maintained.
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