231 Park StRockland, ME 04841

Property Details for 231 Park St

Year built

1992

Construction

FRAME

Lot size

0.56 AC

Property size (Sq ft)

4,990 SF

Property type

Office buildings

APN

ROCD M:054A L:10000

APU

ROCDM054AL10000

Description

This exceptional 5,200 square foot office building is ideally situated in Rockland, Maine, at 231 Park Street. Boasting a prime location near major retailers such as Walmart and Tractor Supply, as well as the Hampton Inn, this property offers unparalleled visibility and accessibility. The building is thoughtfully divided into two interconnected suites, providing flexibility for single or multi-tenant occupancy. A simple locking mechanism allows for complete separation of the suites, offering independent functionality. The property is in excellent move-in condition, requiring no immediate renovations or upgrades. Its strategic location also benefits from proximity to other established businesses, including Maritime Energy, Applebee's Restaurant, and the soon-to-be-completed Starbucks/Jersey Mike's Center, along with Midcoast Federal Credit Union. The property sits on a 0.56-acre lot, providing ample parking and potential for future expansion. Furthermore, its incredibly convenient location places it within easy reach of downtown Rockland, Rockland Harbor, and downtown Thomaston, offering employees and clients easy access to a variety of amenities and services. This presents a rare opportunity to acquire a well-maintained, highly visible office building in a thriving commercial area. The asking price for this exceptional property is $500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $824,996

  6.5%

  $761,535

  7%

  $707,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $651,993

  Geo Method

  $651,993

• Alternative Use

  Use

  Valuation

  Residential

  $944,303

  Hospitality

  $864,977

  Educational

  $719,650

  Medical

  $744,400

  Retail

  $1,119,456

Location Insight

City

Rockland

County

Knox

State

Maine

Latitude

44.1019

Longitude

-69.1261

CBSA code

40500

CBSA name

ROCKLAND, ME MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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