37 & 39 E Main Street, Searsport, ME 04974
$1,365,000
Property Type:
Commercial
Square Footage:
6,883
Lot Size (sq. ft.):
2,614
Status:
Active
Current Price:
$1,365,000
List Date:
5/22/2025
Last Modified:
9/04/2025
Description
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.
Supplements: ********
More Information MLS# 1623703
Location Information
Street #: 37 & 39
Street Name: E Main
Street Type: Street
County: Waldo
Town: Searsport
State/Province: ME
Zip Code: 04974
Leased Land: No
Book: 4477
Page: 6-8
Map: 12
Lot: 26 & 27
Zoning: Commercial
Full Tax Amount $: 3320
Tax Year: 2020
Tree Growth Y/N: No
Association Y/N: No
Geo Lat: 44.458508
Geo Lon: -68.925116
Contract Information
Status: Active
Original List Price: 1900000
List Price: $1,365,000
Current Price: $1,365,000
Property Information
Primary Use: Mixed Use
Surveyed: Unknown
Deed/Conveyance Type Offered: Warranty
Year Built: 1864
Year Renovated +/-: 2025
Total # Floors: 4
SqFt Finished Total: 6883
Lot Size Acres +/-: 0.06
Water Info
Water View: Yes
Water Body Name: Searsport Harbor, Penobscot Bay
Property Features
Location: Downtown; Historic District; Near Shopping; Retail Strip; Water View
Water Body Type: Harbor; Ocean
Recreational Water: Nearby; Oceanfront; Public
Construction: Masonry
Property Uses: Bar/Tavern/Lounge; Commercial; Executive Suites; Grocery; Medical; Other; Restaurant; Retail; Special Purpose
Basement: Bulkhead; Full; Unfinished
Exterior: Brick
Roof: Metal; Pitched; Shingle
Heat System: Heat Pump
Cooling: Heat Pump
Floors: Carpet; Tile; Wood
Building Features: Fire System; Generator; Internet Access Available; Security System
Parking: 5 - 10 Spaces; On Street; Other Parking
Electric: Circuit Breakers
Gas: No Gas
Sewer: Public Sewer
Water: Public
Documents
Property Disclosure Public Access ›Listing Office: RE/MAX JARET & COHN
Last Updated: September - 04 - 2025
Broker Attribution:
belfast@jaretcohn.com
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.