305 Main StRockland, ME 04841

  • Retail properties
  • 2,515 SF
For Sale
$850,000 View listing

Property Details for 305 Main St

Year built
1900
Construction
FRAME
Lot size
0.05 AC
Property size (Sq ft)
2,515 SF
Property type
Retail properties
Property subtype
Other retail properties
APN
ROCD M:001H L:09000
APU
ROCDM001HL09000

Description

This exceptional retail property at 305 Main Street in Rockland, Maine, offers 4,360 square feet of completely vacant space, ideal for a single tenant or multiple occupants. The building, constructed in 1900 and extensively renovated in 2023, boasts a two-story structure with a total of 4,360 square feet. Units are divisible, with a minimum leasable space of 1,600 square feet and a maximum contiguous space of 2,760 square feet. The property is situated on a 0.05-acre lot in Rockland's vibrant downtown area, zoned Downtown Zone (DT), ensuring high visibility and foot traffic. Parking is conveniently available via street parking. This location provides excellent access to Rockland's bustling commercial district and its diverse population. The property's recent renovation ensures modern amenities and a fresh, updated aesthetic, making it an attractive option for a variety of retail businesses. This is a rare opportunity to secure a prominent retail space in a thriving Maine coastal community. The property is located in Knox County and has a zip code of 04841. The building's prime location and recent renovation make it an exceptional investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $611,233
    6.5%
    $564,215
    7%
    $523,914
  • Comparable approach

    Method
    Valuation
    Relative Method
    $828,097
    Geo Method
    $828,097
  • Alternative Use

    Use
    Valuation
    Residential
    $475,936
    Hospitality
    $435,955
    Educational
    $362,710
    Medical
    $375,184
    Retail
    $564,215
305 Main St, Rockland, Maine

Location Insight

City
Rockland
County
Knox
State
Maine
Latitude
44.1024
Longitude
-69.1089
CBSA code
40500
CBSA name
ROCKLAND, ME MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,754
$203,400
$322,100
$525,500
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-
-
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