404 Academy RoadLitchfield, ME 04350Price: $140,000

RESIDENTIAL & COMMERCIAL POTENTIAL --Bring your vision, your contractor, and your plans! This Circa-1835 Cape Cod farmhouse offers a unique opportunity for those looking for a substantial restoration project, residential development potential, or a property that can accommodate business possibilities. Situated on approximately 2 acres and zoned for both residential and commercial use, this property offers flexibility that can be difficult to find. The farmhouse contains 12 rooms, although only 4 rooms are currently being utilized. Improvements to the occupied portion of the home include an updated kitchen and bathroom, along with colorful, welcoming interior paint. Outside, a large, open backyard provides plenty of space and possibilities. This is a major fixer-upper and is being offered with significant restoration needs. The barn is in poor condition, with bowing walls, and may require substantial structural repair or demolition. The roof of the ell connecting the barn to the main house requires complete restoration or replacement. The basement is wet and currently utilizes a sump pump. Basement walls show leaning -- one wall has previously been replaced with concrete. The property also has a shared well with the neighboring property. For an investor with the resources and vision to undertake a significant project, the property's combination of acreage, historic character, and residential/commercial zoning creates a variety of possibilities. Restore the farmhouse, explore residential development, or investigate potential business uses permitted by local zoning. Need more land? Additional acreage is available for purchase under a separate MLS listing, providing an opportunity to expand the property for additional development. A working farm currently operates on the premises. For safety and bio-security reasons, the business owner will guide folks through the penned-in areas. Live bees/hives located on the property. (Government loans will not qualify most likely).