Malone Commercial Brokers is pleased to present for sale a rare redevelopment opportunity on the waterfront of midcoast Maine.
75 Front Street in Rockland is a 2.7+ acre parcel with direct access to Penobscot Bay and substantial expansion potential. Currently operating as a full service, high-end boatyard, the business may also be purchased, along with the real estate.
Located within Rockland’s General Development Zone (GD), residential development is allowed on the upper lot of 75 Front Street, which has amazing panoramic oceanfront views. The property also lies within the Waterfront Sub Zone 4, which is within the Shoreland Overlay. In place are a boat launch ramp, dingy floats and moorings. A transferable submerge lease can be expanded, as the property is not limited by any federal channels. Two buildings are on property: a 5,400-square foot open structure, presently used for boat storage, and a 5,400-square foot heated building with offices, bathrooms and work bay.
In addition to residential development and boat services, uses for this property’s zoning include – but are not limited to – retail, trade and service activities, public recreational uses, private water dependent uses, professional and general offices, public essential utilities, public or private wharves and boat launching facilities, light commercial fishing operations, restaurants, ship’s chandlery, hotels/motels, tradesman’s or craftsman’s offices, shops and showrooms.
This property is situated just off Route 1 at the north end of Rockland Harbor, within walking distance to downtown attractions, including the Farnsworth Art Museum, Maine State Ferry Terminal and dozens of independent restaurants and shops. Large retailers like Home Depot, Shaw’s and Hannaford Supermarkets and storage, and a 5,400-square foot heated building with offices, bathrooms and work bay.
SALE PRICE: $2.995 million
Represented by Joe Malone, CCIM, Karen Rich, and Cheri Bonawitz, CCIM, of Malone Commercial Brokers in Portland.
Please contact Karen Rich for more information. 207.671.8808; [email protected]
