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    46 Grace Street Pl Rockland, ME 04841

    Sponsored
    For Sale
    $200,000

    Five-unit property, needs repair, high potential.

    Property size:
    3,492 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional investment opportunity presents a 3,492 square foot, five-unit property located at 46 Grace Street in Rockland, Maine. Situated on a level 0.24-acre lot, this property offers significant potential for a savvy investor. Currently in need of repairs, the town of Rockland is actively supportive of renovations and working with new owners to bring the property up to code. This presents a unique chance to either restore the existing five-unit structure for immediate rental income, convert it into a more manageable duplex configuration, or even undertake a complete transformation into a grand single-family residence. The property's convenient location within walking distance of downtown Rockland adds to its appeal, offering easy access to local amenities and services. The quiet street provides a peaceful setting, while the level lot offers ample space for outdoor improvements or expansion. The asking price of $200,000 represents a compelling entry point into the Rockland real estate market, offering substantial upside potential for the right buyer. This is a rare chance to acquire a property with significant flexibility and high return potential. Don't miss this opportunity to shape the future of this promising Rockland property.

    Property Features for 46 Grace Street Pl

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,492 SF
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Knox
    State
    Maine
    Longitude
    -69.11423
    Latitude
    44.10265

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    FAQs

    What type of property is this?
    Commercial real estate - Five-unit property, needs repair, high potential.
    Where is this commercial real estate located?
    The property is located at 46 Grace Street Pl Rockland, ME.
    What is the asking price?
    The asking price for this property is $200,000.
    (207) 236-7000
    Request Owner's contact information
    46 Grace Street Pl Rockland, ME 04841
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    Rockland, ME 04841
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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
    46 Grace Street Pl Rockland, ME 04841
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