Bought with Non MREIS Agency
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1 Park DR #1 Rockland, ME 04841
SOLD DATE : 12/31/2024Want to know what your home might be worth? Contact us for a FREE valuation!
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Key Details
Sold Price $841,000
Property Type Commercial Sale
Sub Type General Commercial
Listing Status Sold
Square Footage 15,715 sqft
MLS Listing ID 1588217
Sold Date 12/31/24
HOA Fees $1,666/qua
HOA Y/N Yes
Originating Board Maine Listings
Year Built 1975
Tax Year 2023
Lot Size 3.110 Acres
Acres 3.11
Property Sub-Type General Commercial
Property 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.
Location
State ME
County Knox
Zoning 995, Commercial
Exterior
Parking Features 1 - 4 Spaces
Waterfront Description Ocean
View Y/N No
Building
Lot Description Water View, Business District, Near Shopping
Structure Type Steel Frame
Others
HOA Fee Include 5000.0
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