Mixed-Use Building with Office
112 Clinton Avenue, Winslow, ME 04901
For Sale
New
$375,000
The upper level contains a four-bedroom apartment currently used for storage through July 2027.
Property Size2,748 SF
Price / SF$136.46
Days on Market6
Property Features for 112 Clinton Avenue
General Information
Standard status
Size
Property subtype
Lease Term
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Property Use
Building Details
Year Built
Buildings
Listing Agency:
Coldwell Banker Plourde Real Estate
Listed By:
Dana Michaud
(207) 314-2268
Source:
Cbplourde
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 1:54PM
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 Coldwell Banker Plourde Real Estate
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Investment Insights
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This 2,748-square-foot mixed-use property, built in 1937, combines a professional office on the first floor with a two-story, four-bedroom apartment above. The office layout includes five offices, a reception area, a kitchen, one full bathroom, and one half bathroom. The apartment is presently being used for storage through July 2027.
The building is located at 112 Clinton Avenue in Winslow, Maine, across from a convenience store, and includes on-site parking. Conversion of the first floor into two two-bedroom apartments may be considered with town approval.
The building is located at 112 Clinton Avenue in Winslow, Maine, across from a convenience store, and includes on-site parking. Conversion of the first floor into two two-bedroom apartments may be considered with town approval.
Key Highlights
- 2,748‑square‑foot mixed‑use property built in 1937
- First‑floor office includes five offices, reception area, kitchen, full bath and half bath
- Upper‑level apartment is two stories with four bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,349
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,980
$567.0K
Cap Rate 7%
$404,986
$405.0K
Cap Rate 9%
$314,989
$315.0K
Market Conditions
NOI Build-Up for 2,748 SF
Gross rent
$49.5K $18.00/SF
− Vacancy
−$4.1K −$1.49/SF
EGI
$45.4K $16.51/SF
− OpEx
−$17.0K −$6.19/SF
NOI
$28.3K $10.32/SF
Area
Kennebec County, ME
Vacancy
8.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,980
Cap Rate 7%
$404,986
Cap Rate 9%
$314,989
Alternative Uses
Best Use
Office B
$554.9K
$485.6K – $647.4K
NOI $38,846 @ 7.0% cap · market cap 10.36%
Second Best
Mixed Use
$405.0K
$354.4K – $472.5K
NOI $28,349 @ 7.0% cap · market cap 7.56%
Theoretical Best
Warehouse
$4.10M
$3.59M – $4.78M
NOI $286,982 @ 7.0% cap · market cap 76.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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Business Placement
Demographics for 04901, ME
26,491
Population
12,084
Households
2.2
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
78.8 sq mi
ZIP Area
336
Density / Sq Mi
$54,122
Median Household Income
$33,623
Median Earnings
$957
Median Rent
$188,800
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Kennebec County, ME
Properties on Market for Mixed-use properties in Kennebec County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The upper level contains a four-bedroom apartment currently used for storage through July 2027.
Where is this mixed-use property located?
The property is located at 112 Clinton Avenue Winslow, ME.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,748‑square‑foot mixed‑use property built in 1937; First‑floor office includes five offices, reception area, kitchen, full bath and half bath; Upper‑level apartment is two stories with four bedrooms
