Property profile

421-423 Main St St Rockland, ME 04841

OFF-MARKET
Mixed-use properties
5,304 SF 0.03 ac lot Built 1850
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Property summary

AI-generated overview

This exceptional mixed-use property at 421-423 Main Street in Rockland, Maine, presents a compelling investment opportunity. The building, constructed of attractive brick, offers a diverse range of income-generating spaces totaling approximately 5,304 square feet on a 0.03-acre lot. The ground floor features valuable street-level commercial space, ideal for a variety of retail or service businesses. Above, the second floor houses two professional office spaces, perfectly suited for medical practices, legal firms, or other professional services. The third floor comprises two apartment units, providing additional rental income streams. The property's crown jewel is a luxurious owner's suite located on the top floor, boasting breathtaking bird's-eye harbor views. This suite offers a unique blend of comfort and convenience. Adding to the property's potential, there's the possibility of converting the second-floor office spaces into additional residential units, significantly increasing the property's value and rental income. The building benefits from its highly desirable location on Main Street, providing excellent visibility and accessibility. Convenient public parking is also readily available nearby. Surrounded by a vibrant mix of boutiques, professional offices, restaurants, and retail shops, this property enjoys a prime location within Rockland's thriving downtown area. The asking price for this six-unit property is $1,195,000. This is a rare chance to acquire a well-positioned, income-producing asset in a sought-after Maine coastal town.

Property profile

Verified
Property type Mixed-use properties
Year built 1850
Total area 5,304 SF
Lot 0.03 ac (1,307 SF)

Cap rate & NOI

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

Location

421-423 Main St St Rockland, ME 04841
Rockland metro
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Value estimations

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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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