Price Reduced 28.16%

$1,365,000

Est. Mortgage $0/mo *

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Price History

$1,900,000
5/22/2025

$1,789,000
6/14/2025

$1,699,000
6/21/2025

$1,645,000
6/27/2025

$1,548,500
7/3/2025

$1,460,000
7/12/2025

$1,375,000
7/21/2025

$1,365,000
9/4/2025

37 & 39 E Main Street, Searsport, ME, 04974

37 & 39 E Main Street, Searsport, ME, 04974
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1864

6,883 sqft

MAKE AN OFFER, MOTIVATED SELLER! Rare Oceanview Investment Opportunity, Mixed-Use 7-Unit Property in Prime Midcoast Location! 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.

Status:

Active

Type:

Commercial

Zoning:

Commercial

Heating:

Heat Pump

Cooling:

Heat Pump

Basement:

Bulkhead, Full, Unfinished

Parking:

5 - 10 Spaces, Other, On Street

Acreage:

0.06

Est. Taxes:

$3,320

Construction

Brick, Masonry

Lot Description:

Water View, Downtown, Historic District, Near Shopping, Retail Strip

MLS #:

1623703

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of RE/MAX JARET & COHN belfast@jaretcohn.com