3 Main St Castine, ME 04421
- Commercial real estate
- 5,000 SF
- 0.10 lot acres
Current Use by Public Records
- Ebee's Sweets / Bakery
- Compass Rose Books / Book Store
- The Breeze & Castine Variety / American Restaurant / Seafood Restaurant
Property Details for 3 Main St
- Lot size
- 0.10 lot acres
- Property size
- 5,000 SF
- Property type
- Commercial real estate
Description
This exceptional 5,000 square foot commercial property, located at 3 Main Street in the charming coastal village of Castine, Maine, presents a rare investment opportunity. Situated on a 0.1-acre lot at the corner of Main and Water Streets, this iconic building enjoys unparalleled visibility, attracting both local residents and tourists alike. Established in 1765, the property currently houses three thriving commercial spaces, each occupied by well-established businesses, generating consistent rental income. Adding to its appeal, the upper two floors feature four residential units, offering further income potential or the possibility of creating a private owner's residence. The flexible layout allows for a variety of uses, making it an ideal investment for a discerning buyer seeking a blend of commercial and residential income streams. The building's prime location, directly across from the town dock, ensures high foot traffic and visibility to visiting yachtsmen and tourists. This is a chance to own a piece of Castine's rich history and vibrant commercial landscape. Showings require advance notice. The asking price is $1,495,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Castine
- County
- Hancock
- State
- Maine
- Longitude
- -68.79673
- Latitude
- 44.38792
