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25-27 E Main St 6 Unit Apartment Building $1,250,000 ($208,333/Unit) Searsport, ME 04974

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INVESTMENT HIGHLIGHTS

  • 12,500 vehicles per day on average.
  • A recent $17.8M MaineDOT streetscape project dramatically enhanced the downtown with brick sidewalks improving pedestrian access.

EXECUTIVE SUMMARY

Exceptional 6,500 SF mixed-use property located in the heart of downtown Searsport, positioned along the newly revitalized section of U.S. Route 1/Acadia Highway. The ground floor features a fully outfitted, turn-key restaurant and flexible performance space with strong visibility and consistent traffic from both locals and coastal tourists. Ideally suited for a new or expanding food and beverage concept looking for infrastructure, character, and foot traffic. Above the commercial space are five well-maintained residential units, offering multiple revenue opportunities. Use as long-term rentals, short-term Airbnb listings, or employee housing to help solve seasonal staffing challenges. The built-in residential income provides valuable operational flexibility and supports stable cash flow. The property benefits from a high-traffic location with an average of 12,500 vehicles passing daily and is just steps from the harbor, galleries, and shops. A recent $17.8M MaineDOT streetscape project dramatically enhanced the downtown with brick sidewalks, granite curbing, traditional lighting, and improved pedestrian access—elevating curb appeal and walkability. Additional features include 12 off-street parking spaces, convenient Main Street access, and proximity to Acadia National Park. Significant upgrades have been completed—including new electrical and plumbing systems (2019), roof support beams and insulation (2023), to name a few—with further improvements planned through 2025. These represent just a few of the thoughtful enhancements made to ensure ease of ownership and long-term value. A rare opportunity to own a vibrant business and income-generating property in one of Midcoast Maine's most visible and promising coastal communities. **Priced below recently appraised value**

PROPERTY FACTS

Price $1,250,000
Price Per Unit $208,333
Sale Type Investment
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Bar
  • General Retail Restaurant
Apartment Style Low-Rise
Building Class C
Lot Size 0.21 AC
Building Size 6,500 SF
No. Stories 3
Year Built/Renovated 1900/2021
Zoning Commercial/DT - The zoning allows for commercial uses serving neighborhood and community needs. The subject appears to represent a legally non-conforming use.
  • Listing ID: 36644988

  • Date on Market: 7/8/2025

  • Last Updated:

  • Address: 25-27 E Main St, Searsport, ME 04974

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