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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

340 Main St Rockland, ME 04841-3348

2,680 SF 0.03 ac lot Built 1870
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US42-0153922
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1870
Construction FRAME
Total area 2,680 SF
Lot 0.03 ac (1,129 SF)
APN ROCD M:001G L:10000
UPID US42-0153922
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
  • Rose & Oak Midwifery Midwife
  • Sam Smith Body Work Alternative Medicine Practice
  • Kaja Hopps Massage Therapy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
H&m Spencer LLC · 8 yrs held
H&m Spencer LLC
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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