340 Main St Rockland, ME 04841-3348
This exceptional two-story commercial building, situated at 340 Main Street in the heart of Rockland, Maine, presents a unique investment opportunity. Spanning 2,951 square feet on a 0.03-acre lot, the property boasts three distinct units, each equipped with its own private bathroom. Two of these units, located on the second floor, are currently fully leased, providing immediate and consistent rental income. These second-floor units benefit from a separate entrance, offering tenants privacy and convenience. The first floor offers a large, versatile space, ideal for a business owner seeking a high-visibility location or for use as an additional commercial rental unit. It also features its own private entrance. A full basement provides ample storage space. The building is equipped with a reliable hot water baseboard heating system and a CCTV security system, ensuring both comfort and security. Its enviable location directly across from the Strand Theatre and the Farnsworth Art Museum places it in the center of Rockland's vibrant downtown area, guaranteeing high foot traffic and visibility. This property offers a rare blend of immediate income generation and significant long-term growth potential, making it an attractive investment for discerning buyers. The asking price is $425,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.