305 Main StRockland, ME 04841

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

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.

• 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

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

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