8 Main StRockland, ME 04841

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 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.

• 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

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

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