Retail-Industrial Flex Building with Fenced
172 Main St South Portland, ME 04106
For Sale
Contact for pricing
Pending
Includes two overhead doors, a large fenced yard, and substantial frontage on Main Street.
Property Size12,694 SF
Days on Market190
Property Features for 172 Main St
General Information
Standard status
Pending
Size
12,694 SF
Property subtype
INDUSTRIAL
Listing Agency:
Malone Commercial Brokers
(207) 772-2422
Listed By:
Jennifer Small
(207) 772-2422
Source:
Moodyscre
Added: Jan 20
Changed: Jul 25
Last Checked: Jul 28 at 1:47PM
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 Malone Commercial Brokers
Investment Insights
Based on property information with market context.
A 12,694± SF retail/industrial flex building offering a functional combination of retail frontage and warehouse-style access. The property features two overhead doors and a large fenced-in yard area, along with a large billboard sign.
The site provides 375’± of frontage on Main Street and is described as highly visible along Route One, with traffic counts of 9,510± cars/day. The property is offered for sale at 172 Main St, South Portland, ME 04106.
The site provides 375’± of frontage on Main Street and is described as highly visible along Route One, with traffic counts of 9,510± cars/day. The property is offered for sale at 172 Main St, South Portland, ME 04106.
Key Highlights
- 12,694± SF retail/industrial building
- 375± of frontage on Main Street
- Highly visible location on Route One with 9,510± cars/day traffic counts
Financial Insights For Warehouse
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 | $120.3k | $9.48 |
| − Vacancy | −$4.3k | −$0.34 |
| EGI | $116.0k | $9.14 |
| − OpEx | −$17.4k | −$1.37 |
| NOI | $98.6k | $7.77 |
12,694 SF · lease $9.48/SF/yr · vacancy 3.57% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.41M
$1.23M – $1.64M
NOI $98,637 @ 7.0% cap · market cap 3.95%
Second Best
Industrial
$1.16M
$1.02M – $1.35M
NOI $81,230 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$3.49M
$3.05M – $4.07M
NOI $244,227 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Includes two overhead doors, a large fenced yard, and substantial frontage on Main Street.
Where is this flex space located?
The property is located at 172 Main St South Portland, ME.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 12,694± SF retail/industrial building; 375± of frontage on Main Street; Highly visible location on Route One with 9,510± cars/day traffic counts
