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Property profile & analytics
OFF-MARKET
Investment properties

650 Main St Rockland, ME 04841-3338

1,401 SF 0.26 ac lot Built 1945
Individually Owned 15-yr Hold
Property ID
US42-0901247
Property summary
AI-generated overview

This exceptional mixed-use property at 650 Main Street, Rockland, ME presents a unique investment opportunity. The offering encompasses a highly successful, established restaurant known for its popular breakfast and lunch menu, serving fresh, local fare all day. The restaurant is a turnkey operation, fully equipped and ready for immediate continuation. In addition to the main restaurant building, the property includes a separate duplex building with two one-bedroom, one-bathroom units, currently fully rented, providing a consistent rental income stream. An adjacent lot with a storage building adds further potential for expansion or development. The total square footage across all three buildings is 5,164 square feet, situated on a 0.43-acre lot. The property boasts excellent visibility in the heart of downtown Rockland, ensuring high foot traffic and strong brand recognition. This is an exceptional opportunity for an investor seeking a profitable, established business with significant upside potential. Financial details are available to qualified buyers upon execution of a Non-Disclosure Agreement. The property's prime location and the established reputation of the restaurant make this a truly rare and compelling investment. The combined restaurant and rental income streams offer a strong foundation for future growth and profitability. The additional storage building provides flexibility for various uses, potentially expanding the existing business or creating new revenue streams.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1945
Total area 1,401 SF
Lot 0.26 ac (11,194 SF)
APN ROCD M:013D L:04000
UPID US42-0901247
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
  • Home Kitchen Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
James S Hatch · 15 yrs held
James S Hatch
since 2011
6 recorded transactions
2023
Price N/A
2013
Price N/A
2012
Price N/A
2012
Price N/A
2011
Price N/A
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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