Automotive Repair Shop with Paint
For Sale
$1,675,000
1235 US-202, Winthrop, ME 04364
Commercial Sale, Winthrop, ME
Property Size6,384 SF
Lot Size2.00 Acres
Price / SF$262.37
Days on Market131
Property Features for 1235 US-202
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
General Commercial
Lot features
Near Turnpike/ Interstate, Near Airport, Near Shopping
Standard status
Active
Size
6,384 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6865
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
radiant heat
Building Details
Year built
2012
Listing Agency:
LAER
(207) 622-2220
Listed By:
John Blouin · License #BA919181
(207) 446-7708
Added: Jun 24
Changed: Oct 8
Last Checked: Nov 1 at 10:06AM
MLS# 1625027
Copyright © 2026 Maine Listings. 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 6,384-square-foot automotive property is configured for multiple vehicle-related operations, including repair work, refinishing, engine rebuilding, machining, and used vehicle sales. Improvements include three lifts, a paint booth with paint mixing equipment, engine rebuilding machinery, radiant floor heat, and a 960-square-foot mezzanine used for storage. The site also includes two office buildings and a storage building.
The property occupies 2 acres of developed land at 1235 US-202 in Winthrop, Maine. More than 20,000 cars pass the property daily, and the display area can accommodate over 75 vehicles. Public water and public sewer serve the property, which was built in 2012 and is zoned General Commercial.
The property occupies 2 acres of developed land at 1235 US-202 in Winthrop, Maine. More than 20,000 cars pass the property daily, and the display area can accommodate over 75 vehicles. Public water and public sewer serve the property, which was built in 2012 and is zoned General Commercial.
Key Highlights
- 6,384 SF commercial building on a 2‑acre developed parcel
- Three lifts and equipment for automotive repair and restoration work
- Paint booth with paint mixing system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,648
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,232,960
$1.2M
Cap Rate 7%
$880,686
$880.7K
Cap Rate 9%
$684,978
$685.0K
Market Conditions
NOI Build-Up for 6,384 SF
Gross rent
$91.9K $14.40/SF
− Vacancy
−$3.9K −$0.60/SF
EGI
$88.1K $13.80/SF
− OpEx
−$26.4K −$4.14/SF
NOI
$61.6K $9.66/SF
Area
Kennebec County, ME
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,232,960
Cap Rate 7%
$880,686
Cap Rate 9%
$684,978
Alternative Uses
Best Use
Industrial
$7.84M
$6.86M – $9.15M
NOI $549,048 @ 7.0% cap · market cap 32.78%
Second Best
Retail
$880.7K
$770.6K – $1.03M
NOI $61,648 @ 7.0% cap · market cap 3.68%
Theoretical Best
Warehouse
$9.52M
$8.33M – $11.11M
NOI $666,702 @ 7.0% cap · market cap 39.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Service bays
20,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04364, ME
6,115
Population
3,342
Households
1.8
Avg Household Size
47
Median Age
37%
College-Educated
98%
High-School Grad
31.1 sq mi
ZIP Area
197
Density / Sq Mi
$82,858
Median Household Income
$44,602
Median Earnings
$1,031
Median Rent
$273,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Promenders — 47 Main St, Winthrop, ME 04364
- Parks Automotive — 138 main st, winthrop, me 04364
- Parks Performance — 138 Main St, Winthrop, ME 04364
- NAPA AutoCare Center — Winthrop, ME 04364
- Dyer's Auto Glass — 362 ME-133, Winthrop, ME 04364
Frequently Asked Questions
What type of property is this?
Auto shop - General Commercial property supports repair, refinishing, engine rebuilding, machining, and vehicle sales operations.
Where is this auto shop located?
The property is located at 1235 US-202 Winthrop, ME.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: 6,384 SF commercial building on a 2‑acre developed parcel; Three lifts and equipment for automotive repair and restoration work; Paint booth with paint mixing system
