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    231 Main St Waterboro, ME 04030

    For Sale
    $850,000

    Prime Waterboro location, high-traffic area, excellent income potential.

    Property size:
    13,808 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property located at 231 Main Street in Waterboro, Maine, presents a rare investment opportunity. The portfolio comprises four buildings totaling 13,808 square feet situated on a generous 1.97-acre lot. Three of the buildings are currently occupied by established tenants: The Blue Door gift shop, Community Creations (another gift shop), and Worster Automotive. This provides a stable income stream for the new owner. The property boasts a large parking lot with ample space for customers and employees, enhanced by the convenience of two curb cuts for easy access and egress. The location on Main Street ensures high visibility and accessibility, placing the property in a prime commercial area with significant foot and vehicle traffic. This presents a unique chance to acquire a well-established, multi-tenant commercial property with strong existing income and significant growth potential. The property's size and layout offer flexibility for future expansion or adaptation to meet evolving market demands. The substantial parking area is a key advantage in a busy commercial district. This is an ideal investment for those seeking a diversified portfolio with immediate cash flow and long-term appreciation potential. The property is offered at $850,000.

    Property Features for 231 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    13,808 SF
    Lot Size
    85,813 SF

    Building Details

    Year Built
    1949
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Pharmacy Auto Parts Store Nail Salon Skin Care Clinic HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterboro
    County
    York
    State
    Maine
    Longitude
    -70.68063
    Latitude
    43.57237

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Waterboro location, high-traffic area, excellent income potential.
    Where is this commercial real estate located?
    The property is located at 231 Main St Waterboro, ME.
    What is the asking price?
    The asking price for this property is $850,000.
    (207) 892-2214
    Request Owner's contact information
    231 Main St Waterboro, ME 04030
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    Waterboro, ME 04030
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    Realmo Value Estimation

    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.

    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.

    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
    231 Main St Waterboro, ME 04030
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