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    OFF-MARKET
    Investment properties

    157 Porter St, Rockport, ME 04856-4270

    1,788 SF 1.82 ac lot Built 2004
    Entity Owned
    Property ID
    US42-0474978
    Property summary
    AI-generated overview

    This exceptional commercial property boasts significant visibility on busy Route 17 (Rockland Street) and Porter Street, offering 4,200 square feet on a 1.82-acre lot. The first floor features a 1,200 square foot heated shop, ideal for various businesses, complete with high ceilings, two large overhead doors, a half bathroom, and a 144 square foot office. Three additional outbuildings provide ample storage or expansion potential. The second floor comprises two separate one-bedroom apartments, each equipped with a fully applianced kitchen, living room, bedroom, and a large bathroom including a washer and dryer. One apartment features a private deck. Currently, one apartment rents for $1,150 per month plus utilities (tenant at will), and the other for $1,250 per month plus utilities (short-term lease). The shop and office space on the first floor are currently vacant, presenting an immediate opportunity for income generation. Recent improvements include a new roof and a new leach field, ensuring long-term value and peace of mind. This property offers a unique blend of commercial and residential income potential in a prime Rockport location. The property is priced at $589,900.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 2004
    Construction FRAME
    Total area 1,788 SF
    Lot 1.82 ac (79,279 SF)
    APN ROCT M:008 B:085
    UPID US42-0474978
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Harley Co Inc Landscaping General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Pbnj Properties LLC
    Pbnj Properties LLC
    since 2025
    2 recorded transactions
    2025
    $559,900
    2008
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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