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357 W Main St 17,032 SF 48% Leased Retail Building Searsport, ME 04974 $1,475,000 ($86.60/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
This prime Mid Coastal Maine Commercial Investment Opportunity presents a unique chance to own an iconic meticulous property on Route 1 where commercial viability seamlessly integrates with picturesque views of Penobscot Bay. Set on
The property features multiple mixed use modern retail and commerce units with their own entrances. In response to the growing consumer demand there are two on-site EV charging stations.The main 8,800+/- sf building prioritizes ADA accessibility throughout and multi use options.
This includes a 100 seat full service restaurant, full bar plus outdoor seating with views for 25. The main dining area is an architecturally designed standout gem that seamlessly blends form and function. With its unique and thoughtfully crafted design, central 3-sided fireplace, custom vertical ceiling fans and movable partitions not only meets practical needs but also serves as a stunning visual centerpiece. Serviced by huge commercial kitchen, separate prep area and storage. There is an active bakery with a separate kitchen, prep area, gift shop, retail space, a second floor office with panoramic ocean views. At the other end is a sizable open workshop with high ceilings, two offices, an attached garage and drive-through warehouse behind. On the property is a separate 30 x 40 Quonset garage. The 2.8 acres with over 265 ft of road frontage and expansive parking for all offers many options to expand.
Its strategic location on the primary commercial corridor connecting Belfast and Searsport and leading to Acadia National Park, offers unparalleled visibility and accessibility, making it an ideal investment for those looking to capitalize on the area’s flourishing market, high traffic and tourist appeal. Whether you're interested in retail, commerce, or mixed-use possibilities, this property’s modern design, adaptable nature of the space, and prime location make it a compelling for investors and business owners alike.
Because the owner of his property also runs his own business including the bakery and work shop business ther is an opportunity to get instant income from those spaces as a rent back option. The Rio's restaurant space also actively being marketed for special evens as well as the parking lot for events, farmers markets, flea markets car shows etc. Please call with questions on details and financials
The property features multiple mixed use modern retail and commerce units with their own entrances. In response to the growing consumer demand there are two on-site EV charging stations.The main 8,800+/- sf building prioritizes ADA accessibility throughout and multi use options.
This includes a 100 seat full service restaurant, full bar plus outdoor seating with views for 25. The main dining area is an architecturally designed standout gem that seamlessly blends form and function. With its unique and thoughtfully crafted design, central 3-sided fireplace, custom vertical ceiling fans and movable partitions not only meets practical needs but also serves as a stunning visual centerpiece. Serviced by huge commercial kitchen, separate prep area and storage. There is an active bakery with a separate kitchen, prep area, gift shop, retail space, a second floor office with panoramic ocean views. At the other end is a sizable open workshop with high ceilings, two offices, an attached garage and drive-through warehouse behind. On the property is a separate 30 x 40 Quonset garage. The 2.8 acres with over 265 ft of road frontage and expansive parking for all offers many options to expand.
Its strategic location on the primary commercial corridor connecting Belfast and Searsport and leading to Acadia National Park, offers unparalleled visibility and accessibility, making it an ideal investment for those looking to capitalize on the area’s flourishing market, high traffic and tourist appeal. Whether you're interested in retail, commerce, or mixed-use possibilities, this property’s modern design, adaptable nature of the space, and prime location make it a compelling for investors and business owners alike.
Because the owner of his property also runs his own business including the bakery and work shop business ther is an opportunity to get instant income from those spaces as a rent back option. The Rio's restaurant space also actively being marketed for special evens as well as the parking lot for events, farmers markets, flea markets car shows etc. Please call with questions on details and financials
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
1959/2018
Price
$1,475,000
Price Per SF
$86.60
Percent Leased
48%
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 | - |
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357 W Main St
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