Four-Bay Auto Shop with
For Sale
$395,000
8 Chasse Street, Auburn, ME 04210
A separate office and paved lot complement the shop’s automotive service layout.
Property Size2,440 SF
Lot Size1.00 Acre
Price / SF$161.89
Days on Market620
Property Features for 8 Chasse Street
General Information
Standard status
Active
Size
2,440 SF
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
General Business
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Automotive
Service Bays
4
Automotive Uses
dealership/vehicle sales, vehicle storage
Additional Details
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$3,275
Amenities
16' ceilings
overhead doors
office
half bath
Building Details
Building Size
2,440 SF
Buildings
1
Listing Agency:
Integrity Homes Real Estate Group, PC
Listed By:
Buffy Dumont
(207) 576-9755
Source:
Integrityhomesrealestategroup
Added: Feb 19, 2025
Changed: Oct 30
Last Checked: Oct 30 at 2:31PM
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 Integrity Homes Real Estate Group, PC
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Investment Insights
Based on property information with market context.
This automotive property contains a 2,440-square-foot shop arranged across four bays, with 16-foot ceilings, two 12-by-14-foot overhead doors, and one 10-by-12-foot overhead door. Two lifts are installed, including a 14,000-pound post lift that may be negotiated as part of a sale. A separate 640-square-foot office and half bath complete the building. General Business zoning is in place.
The building sits on a paved 1-acre lot with parking and outdoor storage area. Exit 80 of the Maine Turnpike is a short drive away.
The building sits on a paved 1-acre lot with parking and outdoor storage area. Exit 80 of the Maine Turnpike is a short drive away.
Key Highlights
- Four service bays with two lifts
- Shop area measures 2,440 square feet with 16‑foot ceilings
- Two 12' x 14' overhead doors and one 10' x 12' door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,518
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,360
$510.4K
Cap Rate 7%
$364,543
$364.5K
Cap Rate 9%
$283,533
$283.5K
Market Conditions
NOI Build-Up for 2,440 SF
Gross rent
$43.9K $18.00/SF
− Vacancy
−$7.5K −$3.06/SF
EGI
$36.5K $14.94/SF
− OpEx
−$10.9K −$4.48/SF
NOI
$25.5K $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%
$510,360
Cap Rate 7%
$364,543
Cap Rate 9%
$283,533
Alternative Uses
Best Use
Industrial
$3.57M
$3.12M – $4.16M
NOI $249,821 @ 7.0% cap · market cap 63.25%
Second Best
Retail
$364.5K
$319.0K – $425.3K
NOI $25,518 @ 7.0% cap · market cap 6.46%
Theoretical Best
Warehouse
$4.33M
$3.79M – $5.06M
NOI $303,354 @ 7.0% cap · market cap 76.80%
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
4
Service bays
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
640
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Extra Space Storage
Shops & Services
640 visits/mo
0.4 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Kracker Jacks Garage — 8 Chasse St, Auburn, ME 04210
- Al's Auto & Truck Garage Fleet — 744 Washington St N, Auburn, ME 04210
Frequently Asked Questions
What type of property is this?
Auto shop - A separate office and paved lot complement the shop’s automotive service layout.
Where is this auto shop located?
The property is located at 8 Chasse Street Auburn, ME.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Four service bays with two lifts; Shop area measures 2,440 square feet with 16‑foot ceilings; Two 12' x 14' overhead doors and one 10' x 12' door
