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37 & 39 E Main Street, Searsport, ME 04974

For Sale

$1,365,000

6,883 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $198.31
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Rare Oceanview Investment Opportunity, Mixed-Use 7-Unit Property in Prime Midcoast Location! MOTIVATED SELLER! Located just steps from the beach and park, this nearly 8,000 SF mixed-use building sits directly on high-traffic US Route 1A (11,000-16,000 cars/day) and is currently the only commercial/residential property available along this highly visible Midcoast corridor and is priced below current retail assessed value. Property features: â ¢ 2 Commercial Units, situated on a newly renovated street in Searsport's Historic Tax Credit District (HTC). â ¢ 5 Residential Units have been newly constructed, each with smart home systems, marble finishes, porcelain tile, and glass showers, including the water view 4th floor Penthouse. â ¢ Ocean views, exceptional exposure, and pedestrian traffic from nearby attractions. This nearly turnkey asset has strong ROI potential. Ideal for investors seeking a premium coastal property with stable rental income, tax benefits, and minimal upkeep. List of rental inquiries available. Don't miss this opportunity to own a high-performance property in one of Maine's most desirable seaside communities. Showings by appointment only.
MLS# 1623703

Courtesy Of RE/MAX Jaret & Cohn
25 Mechanic Street, Camden, ME 04843
(207) 338-4220

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Basement
  • Exterior Type
    Brick
  • Floor Covering
    Wood, Tile, Carpet
  • Lot Size
    0.06 Acres
  • Roof Type
    Metal
  • Rooms
    Basement

Map and Directions

Directions to 37 & 39 E Main Street, Searsport, ME 04974

Home seller CENTURY 21 Queen City Real Estate

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(207) 942-4618
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.