8 Main StRockland, ME 04841

  • Office properties
  • 5,671 SF
For Sale
$1,000,000 View listing

Property Details for 8 Main St

Year built
1845
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.35 AC
Property size (Sq ft)
5,671 SF
Property type
Office properties
Property subtype
Office buildings
APN
ROCD M:012A L:02000
APU
ROCDM012AL02000

Description

This exceptional commercial property, located at 8 N North Main Street in the heart of Rockland, Maine, presents a unique investment opportunity. Boasting 5,671 square feet of space spread across three floors, this building offers ample room for a variety of commercial uses. The strategic location provides dual access points, conveniently situated on both North Main Street and Leland Street, ensuring high visibility and accessibility for customers and employees. On-site parking accommodates 10-15 vehicles, a significant advantage in a bustling downtown area. The property also includes a valuable outbuilding complete with a loading dock, ideal for efficient goods handling and storage. Enjoy breathtaking Rockland Harbor water views from the second and third floors, enhancing the overall appeal and creating a desirable work environment. A second-floor deck provides an additional outdoor space, perfect for relaxation or client meetings. The 0.35-acre lot provides ample space for the building and parking. Priced at $1,000,000, this property represents a compelling investment in a thriving Maine coastal community. The combination of size, location, amenities, and harbor views makes this a truly exceptional commercial offering.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $937,586
    6.5%
    $865,464
    7%
    $803,645
  • Comparable approach

    Method
    Valuation
    Relative Method
    $740,973
    Geo Method
    $740,973
  • Alternative Use

    Use
    Valuation
    Residential
    $1,073,175
    Hospitality
    $983,023
    Educational
    $817,863
    Medical
    $845,991
    Retail
    $1,272,232
8 Main St, Rockland, Maine

Location Insight

City
Rockland
County
Knox
State
Maine
Latitude
44.1098
Longitude
-69.1103
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
$11,317
$106,800
$359,500
$466,300
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-
-
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