Automotive Garage and Mechanic
For Sale
$400,000
201 Portland Road, Bridgton, ME 04009
Garage-ready automotive property on a high-traffic corridor with a newer roof and replaced garage doors.
Property Size1,500 SF
Lot Size0.70 Acres
Price / SF$266.67
Days on Market66
Property Features for 201 Portland Road
General Information
Standard status
Active
Size
1,500 SF
Lot size
0.70 Acres
Property subtype
General Commercial
Listing Agency:
Oberg Insurance & Real Estate Agency, Inc.
(207) 347-1595
Listed By:
Cynthia Gorman
(207) 347-1595
Source:
Xome
Added: May 29
Changed: Jul 10
Last Checked: Aug 1 at 3:57AM
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 Oberg Insurance & Real Estate Agency, Inc.
Investment Insights
Based on property information with market context.
This for-sale automotive property is currently configured for garage and mechanic shop use, with a layout suited to vehicles and service operations. The property features a newer metal roof installed in 2021 and garage doors that were replaced in 201 (additional detail not provided). A recent survey has been completed, supporting due diligence and planning for next steps.
The site is located in a busy commercial area of Bridgton on Portland Road, and it sits in a high-traffic setting. Public remarks also note that town water runs by the property and town septic is available for future hookup, which may be relevant for buyers evaluating service or redevelopment plans.
With its existing garage-oriented improvements and practical access to utilities, the property may fit buyers looking for an automotive-use facility or a space with flexible possibilities based on the prior garage and mechanic shop operation. The seller’s notes indicate many possibilities for the location, and the on-site configuration should support continued automotive-related use while allowing new operators to assess how best to adapt the space.
The site is located in a busy commercial area of Bridgton on Portland Road, and it sits in a high-traffic setting. Public remarks also note that town water runs by the property and town septic is available for future hookup, which may be relevant for buyers evaluating service or redevelopment plans.
With its existing garage-oriented improvements and practical access to utilities, the property may fit buyers looking for an automotive-use facility or a space with flexible possibilities based on the prior garage and mechanic shop operation. The seller’s notes indicate many possibilities for the location, and the on-site configuration should support continued automotive-related use while allowing new operators to assess how best to adapt the space.
Key Highlights
- 0.70‑acre commercial property in a busy commercial area of Bridgton, with on‑site parking
- Previously used as a garage and mechanic shop—garage‑ready automotive property
- Newer metal roof installed in 2021
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 | $27.0k | $18.00 |
| − Vacancy | −$4.6k | −$3.06 |
| EGI | $22.4k | $14.94 |
| − OpEx | −$6.7k | −$4.48 |
| NOI | $15.7k | $10.46 |
1,500 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$224.1K
$196.1K – $261.5K
NOI $15,687 @ 7.0% cap · market cap 3.92%
Second Best
Industrial
$137.1K
$120.0K – $160.0K
NOI $9,599 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$412.3K
$360.7K – $481.0K
NOI $28,859 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
61k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Dining 39%
Home Improvements & Furnishings 9%
Shops & Services 8%
Hannaford
Groceries
26,203 visits/mo
0.4 miles
McDonald's
Dining
14,269 visits/mo
0.3 miles
Dunkin' Donuts
Dining
9,398 visits/mo
0.1 miles
HAYES HARDWARE & POWER EQUIPMENT
Home Improvements & Furnishings
5,690 visits/mo
0.1 miles
Family Dollar
Shops & Services
5,092 visits/mo
0.0 miles
Demographics for 04009, ME
5,298
Population
4,580
Households
1.2
Avg Household Size
51
Median Age
32%
College-Educated
93%
High-School Grad
56.5 sq mi
ZIP Area
94
Density / Sq Mi
$86,386
Median Household Income
$48,737
Median Earnings
$1,196
Median Rent
$286,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Power House Auto LLC — 11 Power House Rd, Bridgton, ME 04009
- Cross Auto Service — 0 Mt Henry Rd, Bridgton, ME 04009
Frequently Asked Questions
What type of property is this?
Auto shop - Garage-ready automotive property on a high-traffic corridor with a newer roof and replaced garage doors.
Where is this auto shop located?
The property is located at 201 Portland Road Bridgton, ME.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 0.70‑acre commercial property in a busy commercial area of Bridgton, with on‑site parking; Previously used as a garage and mechanic shop—garage‑ready automotive property; Newer metal roof installed in 2021
