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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

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.
More about this property
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