Technical
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Distress signals
Property profile

323 W Main St Searsport, ME 04974

FOR SALE
Investment properties
Property ID
US42-0327624
150 ac lot
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Property summary

AI-generated overview

This exceptional 150-acre parcel presents a unique investment opportunity in Searsport, Maine. The property features a licensed gravel pit, offering immediate income potential and significant development upside. The expansive acreage allows for the creation of numerous residential building lots, capitalizing on the desirable location abutting a well-established subdivision. Proximity to Moose Point State Park and the Atlantic Ocean enhances the property's appeal, providing future residents with easy access to recreational activities and stunning natural beauty. Higher elevation lots offer breathtaking ocean views, a highly sought-after feature in this market. The combination of the existing gravel pit operation, the potential for residential development, and the picturesque setting makes this a compelling proposition for builders and developers seeking a high-return investment. The substantial land area provides ample room for creative planning and execution of a diverse development strategy. This is a rare chance to acquire a large tract of land with multiple income streams and significant future value in a highly desirable coastal Maine location. All necessary due diligence is recommended.

Property profile

Verified
Property type Investment properties
Lot 150 ac (6,534,000 SF)
UPID US42-0327624

Cap rate & NOI

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

Location

323 W Main St Searsport, ME 04974
Searsport metro
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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