Five-Bay Car
For Sale
Under Contract
$189,900
120 Main Street, Newport, ME 04953
Newport, ME
Property Size2,821 SF
Lot Size0.65 Acres
Price / SF$67.32
Days on Market8
Property Features for 120 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active Under Contract
Size
2,821 SF
Lot size
0.65 Acres
Automotive
Automotive Uses
car wash
Vacuum Stations
4
Additional Details
Real Estate Included
Yes
Building Details
Year built
1997
Listing Agency:
Bangor, Maine · Better Homes and Gardens Real Estate
Listed By:
Melissa Bartlett
(207) 942-6711
Added: Oct 27
Changed: Nov 3
Last Checked: Nov 3 at 9:06PM
MLS# 1685845
Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This car wash property contains five wash bays and four vacuum stations. The 2,821-square-foot facility was built in 1997 and occupies a 0.65-acre parcel on Main Street in Newport, Maine.
Key Highlights
- Five wash bays and four vacuum stations
- 2,821 square feet of building area
- 0.65‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,617
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,340
$332.3K
Cap Rate 7%
$237,386
$237.4K
Cap Rate 9%
$184,633
$184.6K
Market Conditions
NOI Build-Up for 2,821 SF
Gross rent
$25.4K $9.00/SF
− Vacancy
−$1.7K −$0.59/SF
EGI
$23.7K $8.42/SF
− OpEx
−$7.1K −$2.52/SF
NOI
$16.6K $5.89/SF
Area
Penobscot County, ME
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,340
Cap Rate 7%
$237,386
Cap Rate 9%
$184,633
Alternative Uses
Best Use
Specialty Retail
$549.0K
$480.4K – $640.5K
NOI $38,430 @ 7.0% cap · market cap 20.24%
Second Best
Retail
$337.2K
$295.0K – $393.4K
NOI $23,602 @ 7.0% cap · market cap 12.43%
Theoretical Best
Office A
$911.1K
$797.2K – $1.06M
NOI $63,777 @ 7.0% cap · market cap 33.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
52k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Shops & Services 28%
Groceries 27%
Home Improvements & Furnishings 10%
Hannaford
Groceries
14,269 visits/mo
0.5 miles
Taco Bell
Dining
8,617 visits/mo
0.4 miles
Aroma Joe's
Dining
8,447 visits/mo
0.4 miles
Shell
Shops & Services
6,989 visits/mo
0.3 miles
Aubuchon Hardware
Home Improvements & Furnishings
5,192 visits/mo
0.3 miles
Demographics for 04953, ME
3,139
Population
1,830
Households
1.7
Avg Household Size
47
Median Age
29%
College-Educated
92%
High-School Grad
29.5 sq mi
ZIP Area
106
Density / Sq Mi
$62,708
Median Household Income
$46,538
Median Earnings
$884
Median Rent
$213,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Car wash - Four vacuum stations serve the operation, which is located along Main Street in Newport.
Where is this car wash located?
The property is located at 120 Main Street Newport, ME.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Five wash bays and four vacuum stations; 2,821 square feet of building area; 0.65‑acre parcel
