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    1235 US-202 Winthrop, ME 04364

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    Claim this Listing
    For Sale
    $1,675,000

    COMMERCIAL - Winthrop, ME

    Property size:
    6,384 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $262/SF
    Added:
    Mar 30, 2026
    Days on Market:
    26
    Last Refresh:
    Apr 24 at 3:06 pm

    Property Features for 1235 US-202

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    General Commercial
    Standard status
    Active
    Size
    6,384 SF
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6865

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2012

    We can help!

    Listing Contact
    John Blouin
    John Blouin

    Listing agent John Blouin

    Listing office LAER 103 Water Street STE 202, Hallowell, ME

    Listing date Mar 30, 2026

    MLS# 1625027

    Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Winthrop Commercial Automotive Business Opportunity

    This commercial property offers an exceptional business opportunity with high traffic volume. The 6,384 square foot building houses four enterprises: an automotive repair shop, a paint shop with a paint mixing system, a complete engine rebuilding shop, and a used car and truck sales operation. Since 2012, this establishment has been involved in rebuilding and refinishing numerous classic cars and trucks, utilizing world-class engine rebuilding equipment and specializing in classic car and truck restoration. The combination of these services with vehicle sales creates a potentially lucrative business. The 60 by 100 shop includes three lifts and all necessary tools and equipment for comprehensive automobile restoration. A separate paint shop features a paint booth and paint mixing system, while a dedicated machine shop and the main shop are designed to work together for classic car restoration. Radiant floor heating enhances the workspace. The expansive 2-acre parcel of flat, developed land offers potential for business expansion. The display lot can accommodate over 75 vehicles for sale, with ample space for repair operations. A second-level mezzanine provides an additional 960 square feet of storage space, with potential for further expansion. Three additional buildings on-site, including two office buildings and a storage building, offer versatile usable space. A backlog of restoration work is available to help the new owner get started, and the current owner is willing to assist in the transition.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Charlie'S Chevrolet — 1412 US-202, Winthrop, ME 04364
    • Columbia Classic Cars — 1235 US-202, Winthrop, ME 04364
    • winthrop auto repair — 1354 ME-100, Winthrop, ME 04364
    • H&R Auto Repair — 15 Fire Rd a-3, Winthrop, ME 04364
    • Gene's Auto Repair — 1088 US-202, North Monmouth, ME 04265

    Location Insight

    • Map
    • Local Demand
    City
    Winthrop
    County
    Kennebec
    State
    Maine
    Longitude
    -69.9775
    Latitude
    44.3159

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      Automotive Business and Real Estate

      Turnkey opportunity with real estate and established automotive businesses.
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    FAQs

    What type of property is this?
    Auto shop - Commercial building with automotive repair, paint, engine, and sales enterprises.
    Where is this auto shop located?
    The property is located at 1235 US-202 Winthrop, ME.
    What is the asking price?
    The asking price for this property is $1,675,000.
    What are key features of this property?
    This property features: High‑traffic location with over 20,000 cars passing daily, offering excellent visibility and business potential.; Established business since 2012 with a proven track record in classic car restoration, engine rebuilding, and vehicle sales.; **Fully equipped 6,384 sq ft commercial building** housing four integrated enterprises: automotive repair, paint shop, engine rebuilding, and vehicle sales.
    (207) 446-7708
    We can help!
    Listing Contact
    John Blouin
    John Blouin
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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