Now listed at $329,000 – Price reduced by $20,000
If you’ve been watching the Rockland market for a serious investment opportunity, this could be your moment.
Just a mile from downtown and the Rockland waterfront, 233 Limerock Street presents a rare chance to shape the future of Midcoast Maine housing. This 9.84-acre parcel is already zoned for multi-family development — with conceptual plans supporting up to 196 residential units.
🏗️ Why it’s special:
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Walking distance to Rockland Harbor, the ferry terminal, and downtown dining, shopping, and galleries
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Easy access to public utilities and transportation, including Knox County Regional Airport and Route 1
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Surrounded by other successful multi-family developments
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Comes with extensive planning work already completed by seasoned investors, architects, and engineers
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Multiple site plan configurations available (including a 120-unit option with a projected ACV of $36M)
💡 Looking Ahead:
The rental market in Rockland continues to show strong demand. With monthly rent projections exceeding $2,000 per unit for new two-bedroom apartments, this property offers both immediate development potential and long-term cash flow. The owner is open to outright purchase or partnership proposals to move forward with the next phase.
🗺️ About Rockland:
As the cultural and transportation hub of Midcoast Maine, Rockland is uniquely positioned for growth. From its vibrant arts scene to its easy access to Portland, Bangor, and the islands, it remains one of the region’s most desirable places to live and invest.
📍 Listing Details
233 Limerock Street, Rockland, ME 04841
New Price: $329,000 (Reduced by $20,000 on July 30)
Interested in learning more or requesting site plans?
Contact us today — we’re happy to connect serious investors with the seller and share development-ready documentation.
