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$499,000 Just Listed
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Property Description
Versatile Mixed-Use Commercial Property on Route 1 in Searsport! Discover a distinctive investment and owner-occupant opportunity along highly visible Route 1. This building currently accommodates an operating creamery, a separate commercial rental space, and a two-bedroom apartment on the second floor-bringing business, rental, and residential uses together under one roof. A creamery currently operates within the building, demonstrating its suitability for a customer-facing food or retail business. An additional commercial unit provides flexibility for another business, tenant income, or future expansion. The fully furnished second-floor residence offers convenient housing for an owner, employee, or tenant and creates an additional potential income stream. A prominent Searsport setting on one of Maine's key coastal travel corridors, offering strong exposure and convenient access. Heat pumps installed in each unit in 2020. New septic system installed in 2020. New roof 2018. Generator installed 2020.
Full Property Details
Full Property Details for 398 E Main St
General
- Price: $499,000
- Taxes: (2026)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1679934
- Updated: 9/9/2026
- Added to Site: 6 day(s) ago
Business
- Business Type: Restaurant, Retail
Interior
- Flooring: Concrete, Vinyl, Wood
Additional Information
- Equipment: Internet Access Available
Parking
- Parking Features: 11 - 20 Spaces
Location
- County: Waldo
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Electric, Heat Pump
Utilities
- Sewer: Private Sewer, Septic Design Available, Septic Tank
- Water: Public
Structural Information
- Construction: Wood Frame, Shingle Siding
- Basement: Yes
- Basement Desc.: Slab
- Roof: Shingle
- Stories/Levels: 2
- Square Feet: 3,696
- Year Built: 1987
- Other Struct. Feat.: Generator
Lot Features
- Lot Size (Acres): 1
- Lot Size (Sq. Ft.): 43,560
- Zoning: Commercial 2
- Lot Description: Near Shopping
Financial Considerations
- Operating Expenses: $11,180
- Tax Year: 2026
Disclosures and Reports
- Lot Number: 17
Listed by ERA Dawson-Bradford Co. (207) 947-6788
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Schools
Schools serving 398 E Main St
School District:Regional School Unit 20
| Name | Grades | Distance |
|---|---|---|
Searsport Elementary School 30 Mortland Road, Searsport, ME 04974 | PK-5 | 2.8 mi |
Searsport District Middle School 26 Mortland Road, Searsport, ME 04974 | 6-8 | 2.8 mi |
Searsport District High School 24 Mortland Road, Searsport, ME 04974 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 398 E Main St
Date
Details
Price
Change
Source
9/09/2026
Listed
$499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 398 E Main St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,027
13%
$660,300
55%
2024
$9,755
13%
$426,000
—
2023
$8,605
5%
$426,000
—
2022
$8,222
2%
$426,000
—
2021
$8,051
54%
$426,000
52%
2020
$5,243
-10%
$280,400
-11%
2019
$5,839
-3%
$315,600
-3%
2018
$6,044
-16%
$326,700
9%
2017
$7,236
1%
$299,000
—
2016
$7,146
1%
$299,000
—
2015
$7,086
4%
$299,000
—
2014
$6,787
6%
$299,000
—
2013
$6,429
—
$299,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 398 E Main St
398 E Main Street, Searsport, ME 04974 (MLS# 1679934) is a Commercial property. 398 E Main Street is currently listed for $499,000 and was received on September 09, 2026. Want to learn more about 398 E Main Street? Do you have questions about finding other Commercial real estate for sale in Searsport? You can browse all Searsport real estate or contact a Coldwell Banker agent to request more information.

