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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
357 West Main Street, Searsport, Maine is far more than a rent-roll investment--it's a fully developed, multi-use commercial asset with $1.6M+ invested in renovations, equipment, and buildout, now offered at $1,275,000. Featuring two fully equipped commercial kitchens, a bar, warehouse and Quonset storage, 32+ paved parking spaces, EV charging, 2+ acres, 365+ feet of frontage, and Penobscot Bay views, this property is built for income, indoor and outdoor events, and expansion.
Existing on-site businesses create built-in activity and immediate utility, including a bakery, retail shop, and a new restaurant. 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.). Unlike many commercial 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 strong tenant.
On-site businesses include: Suretech Access Systems (www.suretechlock.com) Amandine's Bakery (www.amandinebakery.com) Amandine's Pop Up Artist Fayre, (amandinefayre.com) Open air Makers Market with local business and artisans Fetch Coins & Collectibles (www.instagram.com/fetchin_coins) Sakura Harbour Exceptional New Asian Fusion Restaurant (www.sakuraharbour.com) Perfect for an investor or operator seeking a turnkey property with multiple income streams, strong visibility, and future flexibility in a prime Mid Coast Maine location.
Existing on-site businesses create built-in activity and immediate utility, including a bakery, retail shop, and a new restaurant. 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.). Unlike many commercial 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 strong tenant.
On-site businesses include: Suretech Access Systems (www.suretechlock.com) Amandine's Bakery (www.amandinebakery.com) Amandine's Pop Up Artist Fayre, (amandinefayre.com) Open air Makers Market with local business and artisans Fetch Coins & Collectibles (www.instagram.com/fetchin_coins) Sakura Harbour Exceptional New Asian Fusion Restaurant (www.sakuraharbour.com) Perfect for an investor or operator seeking a turnkey property with multiple income streams, strong visibility, and future flexibility in a prime Mid Coast Maine location.
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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Contact the Sale Advisor
357 W Main St