Automotive Service
For Sale
$250,000
146 Main St, Newport, ME 04953
Automotive property with service equipment, included garage inventory, customer-area flexibility, and dedicated office and restroom facilities.
Property Size1,956 SF
Price / SF$127.81
Days on Market47
Property Features for 146 Main St
General Information
Standard status
Active
Size
1,956 SF
Additional Details
Business Included
Yes
Amenities
restrooms
private office
large front room
Building Details
Year Built
1959
Listing Agency:
Realty of Maine
Listed By:
Joseph Simpson Ashlee Black
(207) 659-3468
Source:
Aroostookrealestate
Added: Sep 8
Changed: Oct 2
Last Checked: Oct 7 at 2:27PM
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 Realty of Maine
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1959, this 1,956-square-foot automotive property includes a service area, two restrooms, a private office, and a spacious front room that can support customer reception, retail, showroom, or convenience-oriented use. Garage inventory is included, along with two lifts, a one-year-old air compressor, tire mounter, tire balancer, dual waste oil burner with transfer pump, transmission jack, and cash register.
The property is located at 146 Main St in Newport, Maine, within a commercial setting. Gasoline was previously sold on-site, and the existing tank has been inspected annually. New spill buckets and any required approvals or updates are needed to restore fuel sales. The building can accommodate continued automotive service use or a revised commercial concept.
The property is located at 146 Main St in Newport, Maine, within a commercial setting. Gasoline was previously sold on-site, and the existing tank has been inspected annually. New spill buckets and any required approvals or updates are needed to restore fuel sales. The building can accommodate continued automotive service use or a revised commercial concept.
Key Highlights
- 1,956‑square‑foot automotive property built in 1959
- Two lifts, one‑year‑old air compressor, tire mounter, and tire balancer
- Dual waste oil burner with transfer pump and transmission jack
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,365
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,300
$327.3K
Cap Rate 7%
$233,786
$233.8K
Cap Rate 9%
$181,833
$181.8K
Market Conditions
NOI Build-Up for 1,956 SF
Gross rent
$28.2K $14.40/SF
− Vacancy
−$4.8K −$2.45/SF
EGI
$23.4K $11.95/SF
− OpEx
−$7.0K −$3.59/SF
NOI
$16.4K $8.37/SF
Area
Penobscot County, ME
Vacancy
17.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,300
Cap Rate 7%
$233,786
Cap Rate 9%
$181,833
Alternative Uses
Best Use
Retail
$233.8K
$204.6K – $272.8K
NOI $16,365 @ 7.0% cap · market cap 6.55%
Second Best
Industrial
$164.6K
$144.0K – $192.0K
NOI $11,522 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$631.7K
$552.8K – $737.0K
NOI $44,221 @ 7.0% cap · market cap 17.69%
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
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
27k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 31%
Home Improvements & Furnishings 19%
Aroma Joe's
Dining
8,447 visits/mo
0.5 miles
Shell
Shops & Services
6,989 visits/mo
0.2 miles
Aubuchon Hardware
Home Improvements & Furnishings
5,192 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
2,685 visits/mo
0.5 miles
TD Bank
Shops & Services
2,000 visits/mo
0.4 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
Similar Off Market Nearby
- T & W Garage Inc — 210 Elm St, Newport, ME 04953
- All Time Towing & Recovery — 141 elm st, newport, me 04953
- New England Auto Mall, LLC — 129 elm st, newport, me 04953
- Prays Service Station — 146 Main St, Newport, ME 04953
- Darling's Newport CDJR Service Department — 30 Main St, Newport, ME 04953
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property with service equipment, included garage inventory, customer-area flexibility, and dedicated office and restroom facilities.
Where is this auto shop located?
The property is located at 146 Main St Newport, ME.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,956‑square‑foot automotive property built in 1959; Two lifts, one‑year‑old air compressor, tire mounter, and tire balancer; Dual waste oil burner with transfer pump and transmission jack
