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Mixed-Use Property with Apartment
For Sale
$499,000

398 E Main Street, Searsport, ME 04974

The building combines an operating creamery, another commercial space, and an upstairs residence.

Property Size3,696 SF
Price / SF$135.01
Days on Market54

Property Features for 398 E Main Street

General Information

Standard status Active
Size 3,696 SF
Property subtype Commercial
Zoning Commercial 2

Site & Location

Road Access Yes
Mixed-Use Components retail, residential

Units

Unit Mix 1 x 2BR
Multifamily Units 1

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Additional Details

Furnished Yes

Amenities

heat pumps
generator
new roof
new septic

Building Details

Building Size 3,696 SF
Year Built 1987
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: ERA Dawson-Bradford Co.
Listed By: Elizabeth Moskovitz
Source: Amerorealty
Added: Sep 9 Changed: Oct 31 Last Checked: Oct 31 at 12:25PM

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 ERA Dawson-Bradford Co.

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Investment Insights

Based on property information with market context.

This 3,696-square-foot mixed-use building, constructed in 1987, contains an operating creamery, a separate commercial unit, and a two-bedroom apartment on the upper floor. The apartment is furnished. Heat pumps serve each unit, and a generator is also installed.

The property is at 398 E Main Street in Searsport, along Route 1. Commercial 2 zoning is in place. Building updates include a roof installed in 2018 and a septic system and generator installed in 2020; the heat pumps were installed in 2020 as well.

Key Highlights

  • 3,696‑square‑foot mixed‑use building
  • Operating creamery, separate commercial unit, and two‑bedroom apartment
  • Furnished second‑floor residence

Property Analytics

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Current Use

Stone Fox Farm ... Grocery & Convenience Store

Suggested Use

Top Pick HVAC Service Auto Repair Shop Furniture & Home Goods Carpet & Flooring Store Catering Service Pharmacy

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

1
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

29
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 Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The building combines an operating creamery, another commercial space, and an upstairs residence.
Where is this mixed-use property located?
The property is located at 398 E Main Street Searsport, ME.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,696‑square‑foot mixed‑use building; Operating creamery, separate commercial unit, and two‑bedroom apartment; Furnished second‑floor residence
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