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357 W Main St

8,800 SF 100% Leased Retail Building Searsport, ME 04974 $1,475,000 ($168/SF)

Investment Highlights

  • Prime Commercial Investment Opportunity on Route 1 in Mid Coast Maine where commercial viability meets scenic Penobscot Bay views.

Executive Summary

Prime Commercial Investment Opportunity on Route 1 in Mid Coast Maine where commercial viability meets scenic Penobscot Bay views. This meticulously renovated property includes four modern retail/commerce units, each thoughtfully designed with interior metal studs and firewalls extending to the roof's peak for optimal safety and functionality. Additionally, the large workshop, warehouse, and storage spaces offer significant flexibility and potential. Strategically located on Route 1 - coastal Maine's commercial artery, linking Belfast, Searsport, and the pathway to Acadia National Park - this property enjoys unbeatable visibility and accessibility. High traffic ensures constant exposure for businesses, drawing in local customers as well as those navigating the 'string of pearls' that are the communities along this picturesque coastline. An expansive parking area accommodates both visitors and employees comfortably and the on-site electric vehicle charging station aligns with growing consumer demand for sustainable options. ADA accessibility is prioritized, with all entrances featuring 36''x80'' doors rated for 90-minute fire resistance. Office spaces showcase elegant granite countertops and oversized windows that fill the interior with natural light and panoramic bay views. Outdoor seating enhances the appeal, creating a warm and welcoming atmosphere for customers and guests alike. A portion of the building has successfully hosted culinary ventures, presenting a turnkey opportunity for new owners or a versatile space adaptable to varied business concepts. Financials available upon NDA request. This versatile property can convey vacant and ready for immediate occupancy or be purchased with the existing turnkey operation, complete with all furniture, furnishings, and equipment. Whether you are looking to invest in a multi-use commercial space or expand your business portfolio, this property stands as a prime destination in a flourishing market.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,800 SF
Building Class
C
Year Built/Renovated
1959/2018
Price
$1,475,000
Price Per SF
$168
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.07
Lot Size
2.85 AC
Zoning
None
Parking
32 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
265 FT on US Route 1

Amenities

  • Car Charging Station
  • Listing ID: 33753809

  • Date on Market: 11/5/2024

  • Last Updated:

  • Address: 357 W Main St, Searsport, ME 04974

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