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    680 Commercial St Rockport, ME 04856

    Sponsored
    For Sale
    $2,300,000

    Prime Rockport location, 31,720 sq ft, redevelopment opportunity.

    Property size:
    31,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property at 680 Commercial Street in Rockport, Maine, presents a compelling redevelopment opportunity. The 6.88-acre lot features three buildings totaling 31,720 square feet, situated on a highly visible section of Route One in the heart of Midcoast Maine. The property includes approximately 20,652 square feet of office/retail space, a 7,180 square feet warehouse building, and a 3,888 square feet residential building. The buildings boast stunning architectural details, reflecting their 1900 construction. The property is zoned for Mixed Business Residential use, offering considerable flexibility for future development. Three loading docks are available at the warehouse. Ample on-site parking is provided. The asking price is $2,300,000, translating to $72.51 per square foot. The property's APN is Map 10, Lot 190, and it's located in Knox County, Maine, zip code 04856. This unique offering combines historical charm with significant redevelopment potential in a desirable Maine coastal location. The three-story buildings offer a variety of possibilities for adaptive reuse and expansion. This is an exceptional opportunity for investors seeking a high-impact project in a thriving community.

    Property Features for 680 Commercial St

    General Information

    Property type
    Distribution properties
    Square Feet
    31,720 SF
    Lot Size
    299,693 SF

    Building Details

    Year Built
    1900
    Buildings
    3
    Stories
    3

    HighLights

    • 31,720± SF mixed‑use redevelopment opportunity including 20,652± SF of office/retail, 7,180± SF of warehouse, and 3,888± SF of residential space.
    • Features stunning architectural details.
    • High‑visibility location on Route One in Midcoast Maine.
    • Abundant on‑site parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hillstream Kingdom Fish Store Shooting Sportsman Entertainment And Recreation Down East magazine Publisher Maine Homes Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Knox
    State
    Maine
    Longitude
    -69.085598934076
    Latitude
    44.156329117291

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    FAQs

    What type of property is this?
    Distribution property - Prime Rockport location, 31,720 sq ft, redevelopment opportunity.
    Where is this distribution property located?
    The property is located at 680 Commercial St Rockport, ME.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: 31,720± SF mixed-use redevelopment opportunity including 20,652± SF of office/retail, 7,180± SF of warehouse, and 3,888± SF of residential space.; Features stunning architectural details.; High-visibility location on Route One in Midcoast Maine.
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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
    680 Commercial St Rockport, ME 04856
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