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    15 Payne Ave Rockland, ME 04841

    For Sale
    $449,000

    High-Visibility Office & Garage, Route 1

    Property size:
    3,412 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 3,412 square foot standalone office building presents a unique investment opportunity in Rockland, Maine. Situated on a 1.15-acre lot, the property boasts high visibility and accessibility with two curb cuts directly onto Route 1, offering excellent signage potential. The building's C-2 zoning allows for a diverse range of uses, including retail, office space, service businesses, or even redevelopment projects. A significant advantage is the inclusion of a separate 1,400 square foot garage/flex building, providing ample additional space for storage, workshops, or expansion. The high traffic count of 9,940 (AADT 2022) ensures significant exposure to potential customers and clients. This property is ideal for businesses seeking a prominent location with versatile space and strong potential for growth. The combination of prime location, flexible zoning, and substantial building size makes this an attractive proposition for a variety of commercial ventures. The property's strategic placement along a major thoroughfare, coupled with its ample parking and versatile building configuration, presents a compelling opportunity for both established businesses and new ventures seeking a strong foothold in the Rockland market. The existing structures are well-maintained and ready for immediate occupancy, minimizing upfront investment and maximizing return.

    Property Features for 15 Payne Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,412 SF
    Lot Size
    50,094 SF

    Building Details

    Year Built
    1979
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Knox
    State
    Maine
    Longitude
    -69.1284
    Latitude
    44.10008

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    FAQs

    What type of property is this?
    Office Property / Space - High-Visibility Office & Garage, Route 1
    Where is this office property / space located?
    The property is located at 15 Payne Ave Rockland, ME.
    What is the asking price?
    The asking price for this property is $449,000.
    (207) 772-1333
    Request Owner's contact information
    15 Payne Ave 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
    15 Payne Ave Rockland, ME 04841
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