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About This Home

This 0-bedroom, 0-bathroom commercial at 886 Commercial Street in Rockport, ME is listed for $10,500,000 ($1,098 per sqft). Built in 1993, the home offers 9,561 sqft of living space on a 11.10 acres lot.

Agent Description

This is a portfolio offering: 886, 898 and 904 Commercial Street. 4 buildings, 4 tax maps, 11 acres. See tax map overview pdf in documents. This immaculate two-portfolio sister property sits on an 11 acre oceanfront hillside estate in Rockport, Maine, offering 42 rooms, two heated pools, one with vanishing edge, thoughtful landscaping, expansion opportunity, and a beautiful view of Ram Island and Penobscot Bay.

A true bonus at this offering is the beautiful manager or owner's apartment, with newly remodeled kitchen with granite, large island which opens to the great room featuring a wall of picture windows facing the ocean. There's a full bedroom with ensuite bath, plus a hall bath, and office area.

This can be rented as a luxury short or long term suite to add to the revenue stream. Total of 21 units at Strawberry Hill Inn, all in one building. At Island View Inn: the large building has 15 units; the next building to the north has 3 rental units + owner's quarters (with the infinity pool); the small building to the north of that has 3 units (

one is a suite that is part of the rental pool, the other 2 units upstairs are occupied by the owner's family). 40 of the 42 units are being rented at the present time. The Strawberry Hill and Island View Portfolio represent a rare opportunity to acquire a proven, income-producing hospitality portfolio in one of midcoast Maine's most sought-after, Route One coastal destinations.

Both properties see consistently strong seasonal occupancy fueled by steady tourism demand, alongside growing off-season business. Strawberry Hill has been operated year round, new owners could also keep Island View open year round as well. With expansive, scarce waterfront acreage, impeccably maintained buildings and grounds, clear potential for f

urther development, and a prime location, this portfolio offers immediate revenue strength and exceptional long-term appreciation potential in a market with limited waterfront competition.

Key Features

  • Built in 1993
  • 11.10 acre lot
  • Waterfront

Property Details

1993

Amenities

Waterfront

Monthly Cost Estimate

$56,156/mo

20% down · 6.5% · 30 years

Principal$7,594
Interest$45,500
Insurance$3,063

Estimates only. Actual payments may vary.

Location

886 Commercial Street

Rockport, ME 04856

Property Details

Construction

Wood Frame

Parking

Offsite

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 886 Commercial Street is listed at $10,500,000 ($1,098/sqft). The estimated monthly payment is $45,500 based on 20% down at 6.5% interest.

Key features include: Built in 1993, 11.10 acre lot, Waterfront.

This property is listed by Dana Moos and can be reached at 2072665604 or danamoos@portsidereg.com.

DM

Dana Moos

Agent at Portside Real Estate Group

(207) 266-5604

Listed by Portside Real Estate Group

MLS# 1647042· Source: listhub· Updated today

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886 Commercial Street, Rockport, ME 04856

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