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Kittridge Building 1049 Main St

9,344 SF 100% Leased Office Building Mount Desert, ME 04660 $1,995,000 ($214/SF)

Investment Highlights

  • High visbility
  • Central MDI location
  • Fully Occupied

Executive Summary

Located in a high-visibility spot on Route 102/Main Street, this fully occupied, multi-unit, two-story office building offers an ideal investment opportunity in the heart of Mount Desert Island. Positioned near key amenities including the post office, bank, and a convenience store, this property enjoys excellent foot traffic and exposure, with on-site parking for tenant & customer convenience. Expansive 2.15-acre lot in Village Commercial district, providing ample room for current use and future expansion. Public sewer access, offering flexibility for various development projects. Property presents a unique chance for investors to explore additional development options, such as multi-unit housing, townhomes, hotel/motel, greenhouse/nursery, or indoor/outdoor recreational facilities. Preliminary development plans are available. Generate rental income from the fully leased office spaces while planning future developments to maximize the potential of this prime location. Whether you're an investor seeking steady rental income or a developer with a vision, this property offers a versatile asset in one of Mount Desert Island's most central and desirable areas. Contact us to explore this rare opportunity to invest and expand in a thriving community.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
9,344 SF
Building Class
B
Year Built
1985
Price
$1,995,000
Price Per SF
$214
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,672 SF
Building FAR
0.10
Land Acres
2.15 AC
Zoning
VC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
MTDS-000010-000000-000147
Land Assessment
$337,500
Improvements Assessment
$1,018,200
Total Assessment
$1,355,700
  • Listing ID: 33662530

  • Date on Market: 10/28/2024

  • Last Updated:

  • Address: 1049 Main St, Mount Desert, ME 04660

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