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    1 Water St Searsport, ME 04974

    For Sale
    $449,500

    Downtown Searsport: Renovated Mixed-Use Property

    Property size:
    3,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional mixed-use property at 1 Water Street in Searsport, Maine, offers a unique blend of commercial and residential space. The main level boasts a completely renovated 3-bedroom, 2-bathroom farm-style ranch home. An open-concept design seamlessly integrates a modern kitchen, living area, and a striking butcher block kitchen island, perfect for entertaining. Wide plank wood floors and a lovely electric fireplace add to the home's charm. A spacious deck provides stunning harbor and downtown views. The lower level features a separate, fully renovated 2-bedroom, 1-bathroom apartment with its own private patio, presenting excellent potential for rental income or an AirBnB opportunity. The 3,000 square foot property sits on a 0.27-acre lot, conveniently located within walking distance of Mosman Park, offering basketball courts, picnic tables, BBQ grills, and picturesque harbor views. This meticulously renovated property presents a rare opportunity in the heart of Searsport, combining comfortable living space with significant income potential. The property's prime location and versatile design make it an ideal investment for both residential and commercial ventures. This turnkey property is ready for immediate occupancy.

    Property Features for 1 Water St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,000 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built
    1960
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Wholesale Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Searsport
    County
    Waldo
    State
    Maine
    Longitude
    -68.92621
    Latitude
    44.45751

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    FAQs

    What type of property is this?
    Mixed-use property - Downtown Searsport: Renovated Mixed-Use Property
    Where is this mixed-use property located?
    The property is located at 1 Water St Searsport, ME.
    What is the asking price?
    The asking price for this property is $449,500.
    (888) 439-8743
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    1 Water St Searsport, ME 04974
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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
    1 Water St Searsport, ME 04974
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