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357 W Main St 17,032 SF Retail Building Searsport, ME 04974 $1,275,000 ($74.86/SF)
Investment Highlights
- Exceptionally designed multi use spaces
- 32+ paved Parking
- 265 ft of frontage on Major road (Rt 1)
- Penobscot Bay/Ocean Views
- EV Chargers for 2 cars
- Room for expansion
Executive Summary
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.
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.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$736,000
|
$43.21
|
| Other Income |
$1,500
|
$0.09
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$737,500
|
$43.30
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $736,000 |
| Annual Per SF | $43.21 |
| Other Income | |
|---|---|
| Annual | $1,500 |
| Annual Per SF | $0.09 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $737,500 |
| Annual Per SF | $43.30 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
17,032 SF
Building Class
C
Year Built/Renovated
1959/2019
Price
$1,275,000
Price Per SF
$74.86
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.14
Lot Size
2.85 AC
Zoning
Residential 4 - Residential 4 (see land use page in attachments)
Parking
32 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
265’ on US Route 1
Amenities
- 24 Hour Access
- Restaurant
- Security System
- Signage
- Storage Space
- Car Charging Station
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Amandine Bakery
- Retailer
- -
- -
- -
- -
- Rio's Restaruant
- -
- 3,081 SF
- $1.87
- -
- -
- SureTech
- Manufacturing
- 2,738 SF
- $1.50
- Plus Utilities
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Amandine Bakery | Retailer | - | - | - | - | |
| Rio's Restaruant | - | 3,081 SF | $1.87 | - | - | |
| SureTech | Manufacturing | 2,738 SF | $1.50 | Plus Utilities | - |
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | SEAP-000001-000000-000055-A000000 | Improvements Assessment | $629,000 |
| Land Assessment | $66,300 | Total Assessment | $695,300 |
Property Taxes
Parcel Number
SEAP-000001-000000-000055-A000000
Land Assessment
$66,300
Improvements Assessment
$629,000
Total Assessment
$695,300
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357 W Main St
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