Automotive Sales
For Sale
$385,000
1085 Main Street, Lewiston, ME 04240
The 1,680-square-foot property carries HB zoning.
Property Size1,680 SF
Price / SF$229.17
Days on Market661
Property Features for 1085 Main Street
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Commercial
Zoning
HB
Additional Details
Automotive Uses
dealership/vehicle sales
Taxes and HOA fees
Annual Taxes
$4,082
Building Details
Building Size
1,680 SF
Year Built
1988
Listing Agency:
Fontaine Family-The Real Estate Leader
(207) 784-3800
Listed By:
Tiffany Poland
(207) 577-3334
Source:
Amerorealty
Added: Jan 9, 2025
Changed: Oct 31
Last Checked: Oct 31 at 2:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fontaine Family-The Real Estate Leader
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Investment Insights
Based on property information with market context.
This automotive sales building contains 1,680 square feet. Built in 1988, it is located at 1085 Main Street in Lewiston, Maine, and is zoned HB.
Key Highlights
- 1,680‑square‑foot automotive building
- Built in 1988
- HB zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,569
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,380
$351.4K
Cap Rate 7%
$250,986
$251.0K
Cap Rate 9%
$195,211
$195.2K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$30.2K $18.00/SF
− Vacancy
−$5.1K −$3.06/SF
EGI
$25.1K $14.94/SF
− OpEx
−$7.5K −$4.48/SF
NOI
$17.6K $10.46/SF
Area
Androscoggin County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,380
Cap Rate 7%
$250,986
Cap Rate 9%
$195,211
Alternative Uses
Best Use
Industrial
$2.46M
$2.15M – $2.87M
NOI $172,008 @ 7.0% cap · market cap 44.68%
Second Best
Retail
$251.0K
$219.6K – $292.8K
NOI $17,569 @ 7.0% cap · market cap 4.56%
Theoretical Best
Warehouse
$2.98M
$2.61M – $3.48M
NOI $208,866 @ 7.0% cap · market cap 54.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 04240, ME
37,121
Population
16,852
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
34.1 sq mi
ZIP Area
1,089
Density / Sq Mi
$56,558
Median Household Income
$36,734
Median Earnings
$954
Median Rent
$214,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Automotive property - The 1,680-square-foot property carries HB zoning.
Where is this automotive property located?
The property is located at 1085 Main Street Lewiston, ME.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,680‑square‑foot automotive building; Built in 1988; HB zoning
