357 W Main St - Freestanding FOR SALE


Searsport, ME 04974
$1,275,000 USD
603-303-2599
357 W Main St, Searsport, ME for Sale
$1,275,000 USD
Freestanding - FOR SALE
1/73
null | Request Cap Rate

357 W Main St
Searsport, ME 04974


HIGHLIGHTS

  • Exceptionally designed multi use spaces
  • Penobscot Bay/Ocean Views
  • 32+ paved Parking
  • EV Chargers for 2 cars
  • 265 ft of frontage on Major road (Rt 1)
  • Room for expansion

OVERVIEW

Some buyers evaluate commercial property strictly by rent rolls. At 357 West Main Street, Searsport, Maine the numbers matter—but they don’t tell the full story. With $1,400,000+ invested in renovations plus $200,000+ in commercial equipment and buildout, this is not a basic empty brick-and-mortar offering. It’s a turnkey, multi-use property is already supporting multiple income streams and future concepts—at an asking price of $1,275,000. Located on the main artery between Belfast and Searsport, Maine in a retail-centric corridor designed to capture consistent traffic. The location and infrastructure support the existing businesses today—and help ensure a steady stream of customers for any future venture (events, hospitality, retail, production, showroom, etc.). Not Vacant: Existing Businesses + Built-In Tenancy Unlike many properties in this price range, this one comes with active operating businesses owned and run by the current owner—who is positioned to become an investor’s strongest tenant. On-site businesses include: Suretech Access Systems (www.suretechlock.com) A successful manufacturer of electronic RFID and Bluetooth locking systems serving hotels and other organizations requiring secure access control. Amandine’s Bakery (www.amandinebakery.com) A European-inspired bakery, coffee house with its own commercial kitchen as well as a gift and wine shop. Amandine’s Pop Up Artist Fayre, (amandinefayre.com) Open air Makers Market with local business and artisans selling their goods resulting in influx of customers, more than doubling the Bakery business from its inception. Rio’s Restaurant / Rio’s Spiked Café Lounge (currently closed--www.facebook.com/riosspikedcafe) Award-winning 125-seat restaurant, and lounge with indoor and outdoor seating — an ideal venue for special events, private parties, weddings and catered functions, supported by a professional “chef’s dream” kitchen and bar area. Fetch Coins & Collectibles (https://www.instagram.com/fetchin_coins) Retail space for buying, selling, and appraising precious metals, fine jewelry and coins. The Takeaway This is a multi-use commercial asset with substantial capital already deployed—equipment, kitchens, parking, storage, frontage, and visibility—offering both current operating potential and future redevelopment/expansion flexibility, all for $1,275,000.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

2.85 AC

LAND SF

124,146 SF

ZONING

Residential 4

APN/PARCEL ID

SEAP-000001-000000-000055-A000000

ASK ABOUT THIS PROPERTY

Michael TravisBHHS Verani Realty | WolfeboroMore Info
603-303-2599

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Michael TravisBHHS Verani Realty | WolfeboroMore Info
603-303-2599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.