242 Commercial St Rockport, ME 04856
High-Yield Coastal Maine Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- $2,100,000 Asking Price
- 21-unit motel and apartment building in Rockport, ME
- 9.61% Cap Rate, $201,746 NOI, 100% Occupancy
- 8,264 square feet on a 3.26-acre lot
- Built in 1970, Renovated in 2020
- Value-Add investment opportunity.
Property Details for 242 Commercial St
- Property type
- Hospitality properties, Motels
- Square Feet
- 8,264 SF
- Year Built/Renovated
- 1970/2020
- Buildings
- 1
- Lot Size (sq. ft)
- 142,006 SF
- Units
- 21
Location Insight
- City
- Rockport
- County
- Knox
- State
- Maine
- Latitude
- 44.1840832
- Longitude
- -69.0827531
Nearby Similar for Sale
FAQs
- What type of property is this?
- Hospitality property - High-Yield Coastal Maine Investment
- Where is the hospitality property located?
- The property is located at 242 Commercial St Rockport, ME.
- What is the asking price?
- The asking price for this property is $2,100,000.
- What are key features of this property?
- This property features: $2,100,000 Asking Price; 21-unit motel and apartment building in Rockport, ME; 9.61% Cap Rate, $201,746 NOI, 100% Occupancy
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].