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Historic Coastal Hotel
New
For Sale
$2,295,000

121 E Main Street, Searsport, ME 04974

Commercial Sale, Searsport, ME

Property Size10,000 SF
Lot Size1.45 Acres
Price / SF$229.50
Days on Market1

Property Features for 121 E Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning R1
Rooms Basement
Basement Full, Unfinished
Lot features Historic District, Near Shopping
Standard status Active
Size 10,000 SF
Lot size 1.45 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 17740

Utilities

Sewer type Public Sewer
Heating system Baseboard, Electric (Heating), Oil, Heat Pump (Heating), Forced Air
Cooling system Central Air, Heat Pump
Water source Public

Building Details

Year built 1865
Flooring type Vinyl, Wood, Hardwood, Tile, Carpet
Building materials Wood Frame, Clapboard
Roof type Shingle, Composition, Slate
Listing Agency: Portside Real Estate Group
Listed By: Anne McKechnie
Added: Sep 13 Last Checked: Sep 13 at 7:06PM
MLS# 1680388

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1865, this 10,000-square-foot wood-frame hospitality property combines lodging with restaurant and tavern facilities. The building retains period details including original woodwork, decorative trim, built-in cabinetry, and wood, hardwood, tile, vinyl, and carpet flooring. Guest accommodations include ensuite baths that have been recently renovated, while central air and multiple heating systems support year-round operation.

The 1.45-acre property is located at 121 E Main Street in Searsport along coastal Route 1, with access to shopping and essential amenities. Exterior features include gardens, seasonal restaurant seating, and a rear entrance serving the restaurant. Public water and public sewer are in place, with shingle, composition, and slate roofing components. The property is zoned R1.

Key Highlights

  • 10,000‑square‑foot lodging, restaurant, and tavern property
  • 1.45‑acre site at 121 E Main Street in Searsport
  • Built in 1865 with original woodwork, period trim, and built‑in cabinetry

Property Analytics

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Current Use

Homeport Tavern Restaurant The Homeport Inn Hotel & Motel

Suggested Use

Top Pick Auto Repair Shop Building Supply Grocery & Convenience Store Storage Facility Carpet & Flooring Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

56
Businesses Nearby

Demographics for 04974, ME

2,649
Population
1,628
Households
1.6
Avg Household Size
50
Median Age
28%
College-Educated
95%
High-School Grad
28.7 sq mi
ZIP Area
92
Density / Sq Mi
$61,283
Median Household Income
$42,955
Median Earnings
$891
Median Rent
$242,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Hotel - Year-round lodging property with restaurant, tavern, gardens, and seasonal outdoor dining areas.
Where is this hotel located?
The property is located at 121 E Main Street Searsport, ME.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: 10,000‑square‑foot lodging, restaurant, and tavern property; 1.45‑acre site at 121 E Main Street in Searsport; Built in 1865 with original woodwork, period trim, and built‑in cabinetry
More about this property
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