638 Rockland StRockport, ME 04856

Property Details for 638 Rockland St

Year built

1925

Construction

FRAME

Lot size

0.59 AC

Property size (Sq ft)

1,514 SF

Property type

Retail properties

APN

ROCT M:018 B:071

APU

ROCTM018B071

Description

This exceptional 1,514 square foot retail space at 638 Rockland Street in Rockport, Maine presents a unique investment opportunity. Boasting a highly visible location on Route 17, this property benefits from substantial traffic flow leading into Rockland, ensuring excellent exposure for any business. Its convenient proximity to both Camden and Rockport villages adds significant appeal to potential customers and employees alike. The 0.59-acre lot provides ample parking, a crucial amenity for customers and staff. The property's zoning allows for flexible use, making it suitable for a variety of retail or office ventures. The building's size and layout offer considerable versatility in terms of interior design and functionality, allowing for customization to meet specific business needs. This property is an excellent choice for entrepreneurs seeking a high-traffic location with strong visibility and convenient access to thriving communities. The asking price of $195,000 represents a compelling value for a property with such desirable characteristics in a sought-after location. Serious inquiries are encouraged to explore the potential of this exceptional commercial space. Don't miss this chance to establish your business in a prime Rockport location.

• CAP approach

  CAP return

  Valuation

  6%

  $367,955

  6.5%

  $339,651

  7%

  $315,390

• Comparable approach

  Method

  Valuation

  Relative Method

  $498,504

  Geo Method

  $498,504

• Alternative Use

  Use

  Valuation

  Residential

  $286,508

  Hospitality

  $262,440

  Educational

  $218,347

  Medical

  $225,856

  Retail

  $339,651

Location Insight

City

Rockport

County

Knox

State

Maine

Latitude

44.1808

Longitude

-69.1347

CBSA code

40500

CBSA name

ROCKLAND, ME MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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