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1 Park Drive, 1, Rockland, ME 04841

$882,000
Property Type: Commercial Square Footage: 15,715 Lot Size (sq. ft.): 135,472 Status: Active
Current Price: $882,000 List Date: 5/02/2024 Last Modified: 5/07/2024

Description

This large condo unit consists of the entire upper level of 1 Park Drive. The unit below, at ground level, is also on the market, listed separately. These can be purchased separately or together. Combined, these two units include most of the retail and street facing space. The combined voting shares would be 70% of the condo association. The building is solidly built and in very good condition. In addition to the museum and restaurant spaces, there are two large meeting rooms, a catering kitchen, several offices, and restrooms. This building is well suited for additional development, with outstanding waterviews, abutting the public park and marine landing, and is located just half a block from Main St. Possible uses include hotel, residential condominium, restaurant, retail, and more. Currently this unit is being used by the Lighthouse Museum and Park St. Grill. Both parties are looking to lease back at agreed upon terms. Park St. Grill has about 2 yrs remaining on their lease. This is a rare opportunity to purchase two units to create a majority ownership share of this condo bulding.

Supplements: ********

More Information MLS# 1588217

Location Information

Street #: 1 Street Name: Park Street Type: Drive Unit #: 1 County: Knox Town: Rockland State/Province: ME Zip Code: 04841 Zip +4: 3437 Leased Land: No Book: 3855 Page: 200 Map: 5B Lot: 2-1 Zoning: 995, Commercial Zoning Overlay: Unknown Tax Year: 2023 Association Y/N: Yes Association Fee: 5000 Fee Frequency Paid: Quarterly Geo Lat: 44.102008 Geo Lon: -69.107756

Contract Information

Status: Active Original List Price: 882000 List Price: $882,000 Current Price: $882,000

Property Information

Primary Use: General Commercial Surveyed: Yes Year Built: 1975 Tenancy: Multiple Tenants Leases: Partial SqFt Finished Total: 15715 Lot Size Acres +/-: 3.11

Compensation & Misc Info

Buyer Agency: 2.4 Buyer Agency Type: %

Water Info

Water View: Yes Water Body Name: Rockland Harbor

Property Features

Location: Business District; Near Shopping; Water View Water Body Type: Ocean Recreational Water: Nearby Construction: Steel Frame Property Uses: Commercial; Hotel/Motel; Neighborhood Center; Restaurant; Retail Parking: 1 - 4 Spaces
Listing Office: Midcoast Realty Group
Last Updated: May - 07 - 2024
1 Park Drive, 1, Rockland, ME 04841- MLS# 1588217
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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