Automotive Business and Real
1235 US Rte 202 Winthrop, ME
1235 US Rte 202, Winthrop, ME, 00000
Contact for pricing
For Sale
Contact for pricing
Turnkey opportunity with real estate and established automotive businesses.
Property Size8,784 SF
Lot Size2.00 Acres
Price / SF$190.69
Days on Market420
Property Features for 1235 US Rte 202
General Information
- Standard status
- Active
- Size
- 8,784 SF
- Lot size
- 2.00 Acres
- Property subtype
- SPECIALTY
Listing Agency
LAER Realty Partners
(207) 446-7708
Listed by
John Blouin
(207) 446-7708
Source
Moodyscre
Added: May 23, 2025 Checked: Jul 15 at 8:10 pm
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
This offering includes a real estate property and two automotive businesses: Columbia Classic Cars, Inc. and New World Engine Inc. The Winada Associates property is situated on a 2-acre parcel and includes a 2012 Butler Sheraton main building, two outbuildings (gray and white), a metal shed, and a small wooden structure. The property was developed with environmental care, meeting all Cobbossee Watershed and phosphorus control requirements. Engineering was completed by Thayer Associates, and construction by Dan Webb. The site is connected to new water and sewer lines. Columbia Classic Cars, Inc. has operated since 2005, while New World Engine Inc. carries a legacy from the 1990s. The sale includes all equipment, office furnishings, and chattels integral to daily operations. The shop closed to the public in February 2024 but remains well-equipped and ready for immediate startup as a restoration facility, paint and body shop, machine shop, or general automotive service center. The property offers 8784 square feet of space. The current owner has several vehicles on-site in various stages of restoration and is open to negotiating their sale. He is also willing to partner with a qualified buyer to complete restorations already in progress. This turnkey opportunity is suited for automotive professionals seeking a ready-made platform in a functional setting.
Key Highlights
- Turnkey opportunity: Prime commercial real estate with two established automotive businesses.
- Well‑maintained property: Features a 2012 Butler Sheraton main building and multiple outbuildings on a 2‑acre parcel.
- Includes all equipment, office furnishings, and chattels integral to daily automotive operations.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.5k | $14.40 |
| − Vacancy | −$5.3k | −$0.60 |
| EGI | $121.2k | $13.80 |
| − OpEx | −$36.4k | −$4.14 |
| NOI | $84.8k | $9.66 |
8,784 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Industrial
$10.79M
$9.44M – $12.59M
NOI $755,458 @ 7.0% cap · market cap 45.10%
Second Best
Retail
$1.21M
$1.06M – $1.41M
NOI $84,824 @ 7.0% cap · market cap 5.06%
Theoretical Best
Warehouse
$13.10M
$11.47M – $15.29M
NOI $917,341 @ 7.0% cap · market cap 54.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Columbia Classic Cars — 1235 US-202, Winthrop, ME 04364
- winthrop auto repair — 1354 ME-100, Winthrop, ME 04364
- Gene's Auto Repair — 1088 US-202, North Monmouth, ME 04265
FAQs
What type of property is this?
Auto shop - Turnkey opportunity with real estate and established automotive businesses.
Where is this auto shop located?
The property is located at 1235 US Rte 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: Turnkey opportunity: Prime commercial real estate with two established automotive businesses.; Well‑maintained property: Features a 2012 Butler Sheraton main building and multiple outbuildings on a 2‑acre parcel.; Includes all equipment, office furnishings, and chattels integral to daily automotive operations.
