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    157 Porter St Rockport, ME 04856

    Sponsored
    For Sale
    $589,900

    High-visibility Rockport commercial building with apartments.

    Property size:
    4,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property boasts significant visibility on busy Route 17 (Rockland Street) and Porter Street, offering 4,200 square feet on a 1.82-acre lot. The first floor features a 1,200 square foot heated shop, ideal for various businesses, complete with high ceilings, two large overhead doors, a half bathroom, and a 144 square foot office. Three additional outbuildings provide ample storage or expansion potential. The second floor comprises two separate one-bedroom apartments, each equipped with a fully applianced kitchen, living room, bedroom, and a large bathroom including a washer and dryer. One apartment features a private deck. Currently, one apartment rents for $1,150 per month plus utilities (tenant at will), and the other for $1,250 per month plus utilities (short-term lease). The shop and office space on the first floor are currently vacant, presenting an immediate opportunity for income generation. Recent improvements include a new roof and a new leach field, ensuring long-term value and peace of mind. This property offers a unique blend of commercial and residential income potential in a prime Rockport location. The property is priced at $589,900.

    Property Features for 157 Porter St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,200 SF
    Lot Size
    79,279 SF

    Building Details

    Year Built
    2004
    Property Profile Location Intelligence

    Current Use by Public Records

    Harley Co Inc Landscaper

    Suggested Use

    Realty agency Electrical Service Furniture Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Knox
    State
    Maine
    Longitude
    -69.11377
    Latitude
    44.15487

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility Rockport commercial building with apartments.
    Where is this commercial real estate located?
    The property is located at 157 Porter St Rockport, ME.
    What is the asking price?
    The asking price for this property is $589,900.
    (207) 594-5355
    Request Owner's contact information
    157 Porter St Rockport, ME 04856
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    Rockport, ME 04856
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    157 Porter St Rockport, ME 04856
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