59 Main St Rockland, ME 04841-3802
This exceptional mixed-use property, situated on a 0.39-acre lot in Rockland, Maine's coveted South End, presents a unique investment opportunity. Boasting 2,892 square feet of space, the building has historically served as a church, but its Residential B zoning unlocks a wealth of possibilities. With town approval, the property is well-suited for conversion into residential units, including multi-family dwellings, offering significant potential for rental income or owner-occupied living. The expansive footprint provides ample room for creative redevelopment, catering to a variety of uses. The property's convenient location adds to its appeal, offering easy access to local amenities and transportation. Its history as a church suggests strong structural integrity, though prospective buyers should conduct their own due diligence. This is a rare chance to acquire a substantial property in a thriving area, ripe for revitalization and offering considerable return on investment. The property is readily available for showings, allowing for prompt inspections and a swift transaction. Don't miss this chance to transform this versatile space into your next successful venture.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.