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    33 Elmwood Ave Westbrook, ME 04092

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    For Lease
    $13 SF/Yr ($3,615 /Mo)

    Versatile 3,216 SF retail/office space in growing Westbrook.

    Property size:
    3,216 SF
    Lot size:
    6.46 Acres

    Property Features for 33 Elmwood Ave

    General Information

    Size
    3,216 SF
    Lot size
    6.46 Acres

    Source: Keller Williams Coastal and Lakes & Mountains Realty Agent Lisa Church

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Westbrook Retail/Office Space Available

    This 3,216 square foot retail or office space is located in the growing city of Westbrook. The open layout benefits from natural light, offering possibilities for various business ventures such as a coffee shop, boutique grocery, or professional office. Ample on-site parking is available for customers and staff. The property is adjacent to 33 Elmwood, an event venue that hosts weddings, corporate events, and gatherings for up to 300 guests, providing consistent foot traffic and visibility. The lease is modified gross with no CAM fees. The location is situated in a city with new developments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Selfie Room 207 Modern Art Museum Park & Ride Park & Ride 33 Elmwood Bowling Alley

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Westbrook
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3343336
    Latitude
    43.7162302

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    FAQs

    What type of property is this?
    Retail space - Versatile 3,216 SF retail/office space in growing Westbrook.
    Where is this retail space located?
    The property is located at 33 Elmwood Ave Westbrook, ME.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - High foot traffic due to adjacency to premier event venue (33 Elmwood) hosting up to 300 guests.; - Versatile 3,216+\/- SF retail/office space suitable for various businesses.; - Modified gross lease with no CAM fees.
    (207) 329-3429
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    33 Elmwood Ave Westbrook, ME 04092
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    Westbrook, ME 04092
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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
    33 Elmwood Ave Westbrook, ME 04092
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