No one wants to admit business and sales are down because it makes them look weak, stupid or ineffective.
But Depressions happen when Central Banks control the money supply.
However, even in a Depression you can make money, prosper and find incredible deals.
Now.......this building for sale in Rockport Village is not the deal of a lifetime, nor is a deal period. I think it's still over valued and over priced...by as much as 40% or more.
However, you won't find buildings like this on the coast of Maine, in a breathtaking village like Rockport very often.
Plus, the Lucinda Corporation has purchased properties in the same area, and is restoring them to their former glory.....
So....whenever big money commits to something it's worth a look.
Granted, MBNA Bank committed major money to many parts of the Midcoast in the 1990's....and now they're long gone. But a lot of money was made when they made the investments, and the market exploded to the upside.
The point is...this building is unique. It might make sense to offer 20% less and pay cash for it.
Anyway....here it is.......
23 Main Street Rockport Maine 04856
Year Built: 1850
Square Footage: 3356 sq ft
Lot Size (Acres): 0.50Rooms: 9; Bedrooms: 3
Baths: 2 ½ Baths: 1; ¾ Baths: 1
Four story beautifully renovated downtown building with stunning Rockport Harbor views from every floor. Townhouse living with office and retail opportunities. Live in the center of the rebirth of Rockport.