25-27 E Main St - Apartments FOR SALE


Searsport, ME 04974
$1,750,000 USD
207-266-0281
25-27 E Main St, Searsport, ME for Sale
$1,750,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

25-27 E Main St
Searsport, ME 04974


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.

OVERVIEW

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 four well-maintained residential units—two studios and two one-bedroom apartments—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.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

4

PRICE/UNIT

$437,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

Commercial/DT

APN/PARCEL ID

SEAP-000012-000000-000033,SEAP-000012-000000-000034

ASK ABOUT THIS PROPERTY

Mark EastmanOcean's Edge Realty LLCMore Info
207-266-0281

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Mark EastmanOcean's Edge Realty LLCMore Info
207-266-0281

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.