PALERMO – Here off a major roadway, within comfortable commuting distance to both Augusta and Belfast, is an intriguing property whose qualities include great versatility.

More than just a fine home, this is a compound consisting of three buildings: a 3,000-square-foot home; a two-bedroom guest cottage/second home; and a 60-foot-by-100-foot, nine-bay garage suitable to and adaptable to a wide range of purposes. That the property measure 29 acres, and is tucked in off U.S. Route 3 so as to provide both convenience and privacy, only increases its appeal.

The primary home, built in 1985, has been lightly used. In fact, its second level has never been lived in, and because it has its own kitchen and full bath, and three bedrooms (one of which has great built-ins that make it an ideal office or library) it could become a complete in-law dwelling, or an income-generating rental. A brick, wood-burning fireplace in the living room make a nice feature.

There’s also a fireplace, a larger one with an arched woodbox, in the bay-windowed first-floor living room. This level has an enclosed back porch and direct garage access, and two bedrooms, giving the home a total of five, and making it a true haven for a large family. Palermo Consolidated School (grades K-8) is directly across the street.

Extending the options for a family, or guests, or rental is the second home, a two-bedroom ranch with a heated two-vehicle garage. (Minor finish work, e.g. carpeting, is needed.)  And offering wonderful possibilities for a hobbyist such as a car collector; a contractor, an antiques dealer, a woodworker, or any kind of business needing a spacious shop; an equestrian, and more, is the huge garage a short walk away. (This building was designed to be, and for year served as, an antique trucks museum.)

The property at 518 U.S. Route 3, Palermo, is listed for sale at $349,900 by Bill Sprague of Sprague & Curtis Real Estate in Augusta. Annual taxes are $5,906 (2015-16). For more information or to arrange a private viewing, please contact Bill at 623-1123 or at [email protected]m.

The Central Maine Home of the Week is produced by the Marketing Department of the Kennebec Journal and Morning Sentinel. Please send feature home suggestions to [email protected]