Wednesday, October 20, 2021

500 Main St

 For Sale By Owner: Developer’s Dream! One of a kind Commercial / Residential building in downtown Rockland with incredible water views, a giant rooftop deck and the most amazing 50x100 space on the midcoast. This former church recently underwent a major renovation with $250K+ in upgrades for use as a marijuana retail outlet, grow facility and event space. -18,000+ sq ft of rentable space / possible 30K+ sq ft of future / possible space -potential for up to 7 units - 5 commercial / 2 residential -original 50x100 1840s post & beam chapel space with 25+ ft ceilings + 1880s addition + steel 1960s addition & facade -turn key 1st floor retail space -2nd floor ‘blank canvas’ living space w/over 6K sq ft -harbor / water views from 25+ windows -5+ bathrooms with room for 8-10 more -4 parking spots -recently renovated 3000+ sq ft basement -large flat rooftop deck space w/ new $40K+ rubber roof -handicap accessible -$100K sprinkler system installed in 2000 and completely gone through in 2019 + fire rated doors throughout -7 zone steam heat w/ 275 gallon tanks for oil, also gone through in 2019 -over $600K in renovations & updates since 1999 -previously under contract for $1,000,000 in 2009 (bottom of the market) -$15.5K/yr taxes -$3,000,000-$4,000,000 building replacement cost Rockland, ME is known for it's wonderful restaurants, numerous galleries and summer festivals. It’s the arts capitol of Maine and the Lobster capitol of the world. With a little bit of cash and a big imagination this amazing property could be taking in $250K annually in rental income and worth $2.5M-$3M. Any / all potential buyers must show proof of funds prior to any showings. Thanks for looking, Jeremiah