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Historic Mixed-Use Brick Building
For Sale
$700,000

28 E Main Street, Searsport, ME 04974

Commercial zoning and a mix of storefront, apartment, and open studio space support varied occupancy within the building.

Property Size4,560 SF
Price / SF$153.51
Days on Market145

Property Features for 28 E Main Street

General Information

Standard status Active
Size 4,560 SF
Property subtype Commercial
Zoning Commercial

Units

Unit Mix 2 x apartment, 1 x studio
Multifamily Units 3

Additional Details

Mixed-Use Components retail, residential

Taxes and HOA fees

Annual Taxes $4,599

Building Details

Building Size 4,560 SF
Year Built 1848
Buildings 1
Stories 3
Construction brick
Listing Agency: Keller Williams Realty
Listed By: Michael Cole · License #BA914419
Source: Amerorealty
Added: Jun 15 Changed: Oct 31 Last Checked: Nov 6 at 2:28AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty

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Investment Insights

Based on property information with market context.

This 4,560-square-foot brick property was built in 1848 and includes a full basement set into bedrock. The ground level has two storefronts, with the option to use them for retail or dining or convert them to apartments. Two remodeled apartments occupy the second floor, and the third floor contains an open studio apartment. The upper apartments feature original wide-plank floors and high ceilings; updates include black quartz countertops, glass showers, and a subway tile kitchen. An attic with exposed beams occupies the fourth floor and may offer further development potential.

Located at 28 E Main Street in Searsport, Maine, the building has ocean views and commercial zoning.

Key Highlights

  • 4,560 square feet; built in 1848
  • Two ground‑floor storefronts, suitable for retail or dining use or conversion to apartments
  • Two remodeled second‑floor apartments and an open studio apartment on the third floor

Property Analytics

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Current Use

The Aquarian Gift Shop (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Repair Shop Building Supply Grocery & Convenience Store Storage Facility Real Estate Agency 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

3
Residential units

Location Intelligence

Trade Area within ½ mile

110
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
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial zoning and a mix of storefront, apartment, and open studio space support varied occupancy within the building.
Where is this mixed-use property located?
The property is located at 28 E Main Street Searsport, ME.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 4,560 square feet; built in 1848; Two ground‑floor storefronts, suitable for retail or dining use or conversion to apartments; Two remodeled second‑floor apartments and an open studio apartment on the third floor
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