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.
contact belfast@jaretcohn.com
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: • 2 Commercial Units, situated on a newly renovated street in Searsport's Historic Tax Credit District (HTC). • 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. • 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.