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Property profile & analytics
OFF-MARKET
Commercial real estate

357 Main St Searsport, ME 04974

9,932 SF 2.85 ac lot Built 1958
Property ID
US42-0176704
Property summary
AI-generated overview

This exceptional 9,932 sq ft commercial property, situated on 2.85 acres at 357 W Main Street in Searsport, ME, presents a remarkable investment opportunity. The meticulously renovated building boasts four modern retail/commerce units, each featuring interior metal studs and fire-rated walls extending to the roofline. A large workshop, warehouse, and ample storage space provide significant flexibility for diverse business uses. Its prime location on Route 1, a major coastal Maine thoroughfare, ensures high visibility and accessibility, attracting both local and tourist traffic. The property includes a substantial parking area with an electric vehicle charging station, catering to modern consumer preferences. ADA compliance is achieved through 36"x80" doors with 90-minute fire resistance at all entrances. Elegant granite countertops and oversized windows grace the office spaces, offering stunning Penobscot Bay views. Outdoor seating enhances the property's appeal. A portion of the building has successfully operated as a culinary business, offering a turnkey option for new owners or adaptable space for various concepts. Financial details are available under a non-disclosure agreement. The property can be purchased vacant or with an existing turnkey operation, including all furniture, furnishings, and equipment. This versatile property is ideally suited for investors seeking a multi-use commercial space or businesses looking to expand their portfolio in a thriving coastal Maine market.

Property profile
Verified
Property type Commercial real estate
Year built 1958
Total area 9,932 SF
Lot 2.85 ac (124,146 SF)
UPID US42-0176704
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
  • Amandine Bakery Bakery Specialty Food Shop
  • Rio’s Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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