Two-Bay Auto
140 Riverside Drive, Auburn, ME 04210
For Sale
$300,000
Retail and parts areas sit alongside the vehicle service workspace.
Property Size1,923 SF
Lot Size0.16 Acres
Price / SF$156.01
Days on Market565
Property Features for 140 Riverside Drive
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Automotive
Service Bays
Automotive Uses
Additional Details
Road Access
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
paved parking lot
bathroom
retail counter
parts room
workshop area
basement
natural gas radiant floor heating
hot water baseboard heating
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Town & Shore Real Estate
(207) 773-0262
Listed By:
Eric Landry
(207) 632-7500
Source:
Integrityhomesrealestategroup
Added: Apr 28, 2025
Changed: Nov 12
Last Checked: Nov 13 at 6:33PM
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 Town & Shore Real Estate
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Investment Insights
Based on property information with market context.
Configured for automotive service, the 1,923± sq ft building has two service bays, a workshop, retail counter, parts room and one bathroom. A 600± sq ft basement provides additional storage. Two 9,000 lb automotive lifts are installed. The main shop uses natural gas radiant-floor heat, while the retail and parts area is heated by hot-water baseboards. The property also includes a paved parking lot and is zoned GB.
The site covers 0.16± acres at 140 Riverside Drive in Auburn, Maine. Built in 1931, the building previously operated as an auto repair facility.
The site covers 0.16± acres at 140 Riverside Drive in Auburn, Maine. Built in 1931, the building previously operated as an auto repair facility.
Key Highlights
- Two service bays, workshop, retail counter and parts room
- 1,923± sq ft building on 0.16± acres
- 600± sq ft basement for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,111
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,220
$402.2K
Cap Rate 7%
$287,300
$287.3K
Cap Rate 9%
$223,456
$223.5K
Market Conditions
NOI Build-Up for 1,923 SF
Gross rent
$34.6K $18.00/SF
− Vacancy
−$5.9K −$3.06/SF
EGI
$28.7K $14.94/SF
− OpEx
−$8.6K −$4.48/SF
NOI
$20.1K $10.46/SF
Area
Androscoggin County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,220
Cap Rate 7%
$287,300
Cap Rate 9%
$223,456
Alternative Uses
Best Use
Retail
$287.3K
$251.4K – $335.2K
NOI $20,111 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$598.1K
$523.3K – $697.8K
NOI $41,866 @ 7.0% cap · market cap 13.96%
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
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Current Use
Lease Details
2
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
19k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 48%
Dunkin' Donuts
Dining
9,785 visits/mo
0.3 miles
Gulf Oil
Shops & Services
4,920 visits/mo
0.3 miles
VIP Tires & Service
Shops & Services
2,819 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
1,342 visits/mo
0.3 miles
Demographics for 04210, ME
24,061
Population
11,113
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
59.3 sq mi
ZIP Area
406
Density / Sq Mi
$66,552
Median Household Income
$42,624
Median Earnings
$983
Median Rent
$254,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Brandon's mobile auto repair — 9th St, Auburn, ME 04210
- Young Guns Services Center — 105 Riverside Dr #6924, Auburn, ME 04210
- Brad's Precision Auto Repair — 144 Riverside Dr, Auburn, ME 04210
- Sullivan Tire & Auto Service — 805 Lisbon St, Lewiston, ME 04240
- Lewiston Radiator Works — 48 Riverside Dr, Auburn, ME 04210
Frequently Asked Questions
What type of property is this?
Auto shop - Retail and parts areas sit alongside the vehicle service workspace.
Where is this auto shop located?
The property is located at 140 Riverside Drive Auburn, ME.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two service bays, workshop, retail counter and parts room; 1,923± sq ft building on 0.16± acres; 600± sq ft basement for storage
