Freestanding Retail Building with Pylon
For Sale
Contact for pricing
130 Western Avenue, South Portland, ME 04106
Freestanding retail building with newer roof and HVAC on a corner lot at a lighted intersection.
Property Size20,700 SF
Lot Size2.00 Acres
Price / SF$239.13
Days on Market162
Property Features for 130 Western Avenue
General Information
Standard status
Active
Size
20,700 SF
Lot size
2.00 Acres
Property subtype
RETAIL
Site & Location
Corner Location
Yes
Pylon Signage
Yes
Traffic Count
32,000 vehicles/day
Highway Access
Yes
Additional Details
Asking Price
$4,950,000
Listing Agency:
The Boulos Company
(207) 939-4147
Listed By:
Christopher Paszyc, CCIM, SIOR
(207) 939-4147
Source:
Moodyscre
Added: Feb 25
Changed: Jul 30
Last Checked: Aug 5 at 7:34AM
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 The Boulos Company
Investment Insights
Based on property information with market context.
This freestanding retail building offers 20,700± SF of space on a 2±-acre lot. The property is positioned on the corner of Gorham Road and Western Avenue near Maine Mall, providing storefront visibility at a lighted intersection. Traffic counts average total 32,000± vehicles per day, and the property includes a freestanding roadside pylon sign.
The building features newer roof and HVAC and is described as being in excellent condition. Access is supported by proximity to major regional routes, including I-95 and I-295, with the Portland Jetport nearby.
The property also supports a wide variety of permitted commercial uses, making it suitable for a range of retail and other commercial tenants.
The building features newer roof and HVAC and is described as being in excellent condition. Access is supported by proximity to major regional routes, including I-95 and I-295, with the Portland Jetport nearby.
The property also supports a wide variety of permitted commercial uses, making it suitable for a range of retail and other commercial tenants.
Key Highlights
- 20,700± SF freestanding retail building
- 2± acres
- Corner of Gorham Road and Western Avenue at a lighted intersection
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 | $372.6k | $18.00 |
| − Vacancy | −$63.3k | −$3.06 |
| EGI | $309.3k | $14.94 |
| − OpEx | −$92.8k | −$4.48 |
| NOI | $216.5k | $10.46 |
20,700 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.09M
$2.71M – $3.61M
NOI $216,481 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.69M
$4.98M – $6.64M
NOI $398,259 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
32,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
318k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Apparel 24%
Home Improvements & Furnishings 18%
Groceries 15%
T.J. Maxx
Apparel
60,541 visits/mo
0.5 miles
Hannaford
Groceries
48,944 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
37,627 visits/mo
0.2 miles
Olive Garden
Dining
32,067 visits/mo
0.3 miles
Buffalo Wild Wings
Dining
22,413 visits/mo
0.1 miles
Demographics for 04106, ME
26,641
Population
12,849
Households
2.1
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
2,184
Density / Sq Mi
$83,744
Median Household Income
$47,818
Median Earnings
$1,642
Median Rent
$403,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building with newer roof and HVAC on a corner lot at a lighted intersection.
Where is this retail space located?
The property is located at 130 Western Avenue South Portland, ME.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 20,700± SF freestanding retail building; 2± acres; Corner of Gorham Road and Western Avenue at a lighted intersection
