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Property profile

1 Water St Searsport, ME 04974

OFF-MARKET
Mixed-use properties
Property ID
US42-0031271
3,000 SF 0.27 ac lot Built 1960
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Property summary

AI-generated overview

This exceptional mixed-use property at 1 Water Street in Searsport, Maine, offers a unique blend of commercial and residential space. The main level boasts a completely renovated 3-bedroom, 2-bathroom farm-style ranch home. An open-concept design seamlessly integrates a modern kitchen, living area, and a striking butcher block kitchen island, perfect for entertaining. Wide plank wood floors and a lovely electric fireplace add to the home's charm. A spacious deck provides stunning harbor and downtown views. The lower level features a separate, fully renovated 2-bedroom, 1-bathroom apartment with its own private patio, presenting excellent potential for rental income or an AirBnB opportunity. The 3,000 square foot property sits on a 0.27-acre lot, conveniently located within walking distance of Mosman Park, offering basketball courts, picnic tables, BBQ grills, and picturesque harbor views. This meticulously renovated property presents a rare opportunity in the heart of Searsport, combining comfortable living space with significant income potential. The property's prime location and versatile design make it an ideal investment for both residential and commercial ventures. This turnkey property is ready for immediate occupancy.

Property profile

Verified
Property type Mixed-use properties
Year built 1960
Total area 3,000 SF
Lot 0.27 ac (11,761 SF)
UPID US42-0031271

Cap rate & NOI

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

Location

1 Water St Searsport, ME 04974
Searsport 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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