Building Details

Roof type Metal

Listing Agency: Oberg Insurance & Real Estate Agency, Inc. o***@roadrunner.com Show Phone

Listed By: Cynthia Gorman Show Phone

Added: Oct 7 Last Checked: Oct 7 at 11:06PM

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MLS# 1665090

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,500-square-foot auto shop occupies a 0.70-acre commercial-zoned parcel in Bridgton. Its metal roof was installed in 2021, and the garage doors were replaced in 2016. The property previously operated as a garage and mechanic shop.

Town water is available at the property. A future connection to town septic may be possible. The parcel has been surveyed and fronts Portland Road in a commercial area described as high traffic.

Key Highlights

• 1,500‑square‑foot former garage and mechanic shop
• 0.70‑acre parcel with commercial zoning
• Metal roof installed in 2021; garage doors replaced in 2016

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,687

Cap Rate

3.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$313,740 $313.7K

Cap Rate 7%

$224,100 $224.1K

Cap Rate 9%

$174,300 $174.3K

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$27.0K $18.00/SF

− Vacancy

−$4.6K −$3.06/SF

EGI

$22.4K $14.94/SF

− OpEx

−$6.7K −$4.48/SF

NOI

$15.7K $10.46/SF

Area

Cumberland 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%

$313,740

Cap Rate 7%

$224,100

Cap Rate 9%

$174,300

Alternative Uses

Best Use

Retail

$224.1K

$196.1K – $261.5K (±1% cap)

NOI $15,687 @ 7.0% cap · market cap 3.92%

Second Best

Industrial

$137.1K

$120.0K – $160.0K (±1% cap)

NOI $9,599 @ 7.0% cap · market cap 2.40%

Theoretical Best

Office A

$412.3K

$360.7K – $481.0K (±1% cap)

NOI $28,859 @ 7.0% cap · market cap 7.21%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick HVAC Service Dental Office Plumbing Service Garden Center Parking Lot & Garage Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Auto shop - The former mechanic-shop property has town water on site and may connect to town septic in the future.

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: 1,500‑square‑foot former garage and mechanic shop; 0.70‑acre parcel with commercial zoning; Metal roof installed in 2021; garage doors replaced in 2016