Property profile

75 Front St Rockland, ME 04841

OFF-MARKET
Marinas
2.7 ac lot
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 75 Front St, Rockland, ME 04841, presents a rare waterfront development opportunity on 2.7 acres. The property boasts a prime location just off Route 1, within walking distance of downtown Rockland's attractions. Built in 1960 and 1983, the property is zoned GD, WF-4, allowing for residential development on the upper lot, offering stunning panoramic oceanfront views. Currently operating as a successful full-service boatyard catering to high-end clientele, the property includes boat storage, boat services, dingy floats with a transferable submerged lease (expandable, unrestricted by federal channels), an on-site boat launch ramp, and existing moorings. The asking price is $2,995,000. This presents a unique chance to capitalize on both the existing profitable business and the significant potential for future expansion and development. The property's waterfront access to Penobscot Bay adds considerable value and appeal. This is a truly remarkable investment opportunity in a desirable Maine coastal location.

Property profile

Verified
Property type Marinas
Lot 2.7 ac (117,612 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

75 Front St Rockland, ME 04841
Rockland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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