Office-Flex Warehouse with
220 Lewiston Rd Gray, ME 04039
220 Lewiston Rd, Gray, ME, 04039
Contact for pricing
For Sale
Contact for pricing
Mix of garage/shop space and office area with outdoor laydown for practical storage and equipment operations.
Property Size8,500 SF
Lot Size1.90 Acres
Price / SF$100
Days on Market49
Property Features for 220 Lewiston Rd
General Information
- Standard status
- Active
- Size
- 8,500 SF
- Lot size
- 1.90 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Colliers
(207) 712-9318
Listed by
Michael G. Cobb
(207) 712-9318
Source
Moodyscre
Added: Jun 3 Updated: Jul 10 at 1:49 pm Checked: Jul 20 at 3:53 am
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 Colliers
Investment Insights
Based on property information with market context.
This for-sale commercial property totals approximately 8,500± SF on 1.9± acres and combines a commercial garage/shop with office space. The layout includes about 7,000± SF of shop/garage area paired with roughly 1,500± SF of office, creating a clear separation between work space and customer-facing needs.
The building is positioned along Lewiston Road/Route 202 in Gray’s established commercial corridor, with visibility through a signage opportunity. The property also benefits from nearby traffic counts of 10,000± VPD, supporting access and exposure for a range of business uses.
Designed for day-to-day functionality, the site includes generous outdoor laydown area that can support parking, storage, and the movement of equipment. With a configuration that allows for multi-tenant use, the property may fit operators seeking flexible space that pairs productive warehouse-type operations with dedicated office space. The seller is also open to negotiating a partial sale-leaseback.
The building is positioned along Lewiston Road/Route 202 in Gray’s established commercial corridor, with visibility through a signage opportunity. The property also benefits from nearby traffic counts of 10,000± VPD, supporting access and exposure for a range of business uses.
Designed for day-to-day functionality, the site includes generous outdoor laydown area that can support parking, storage, and the movement of equipment. With a configuration that allows for multi-tenant use, the property may fit operators seeking flexible space that pairs productive warehouse-type operations with dedicated office space. The seller is also open to negotiating a partial sale-leaseback.
Key Highlights
- 8,500± SF commercial property on 1.9± acres with office/flex/warehouse space available for sale
- Includes 7,000± SF commercial garage/shop plus 1,500± SF office space for separation of work and customer‑facing areas
- Generous outdoor laydown area for parking, storage, and equipment mobility
Local 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 | $80.6k | $9.48 |
| − Vacancy | −$2.9k | −$0.34 |
| EGI | $77.7k | $9.14 |
| − OpEx | −$11.7k | −$1.37 |
| NOI | $66.0k | $7.77 |
8,500 SF · lease $9.48/SF/yr · vacancy 3.57% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,687 @ 7.0% cap · market cap 14.32%
Second Best
Warehouse
$943.5K
$825.6K – $1.10M
NOI $66,048 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$2.34M
$2.04M – $2.73M
NOI $163,536 @ 7.0% cap · market cap 19.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
P and B Paving ...
General Contractor
FAQs
What type of property is this?
Flex space - Mix of garage/shop space and office area with outdoor laydown for practical storage and equipment operations.
Where is this flex space located?
The property is located at 220 Lewiston Rd Gray, ME.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 8,500± SF commercial property on 1.9± acres with office/flex/warehouse space available for sale; Includes 7,000± SF commercial garage/shop plus 1,500± SF office space for separation of work and customer‑facing areas; Generous outdoor laydown area for parking, storage, and equipment mobility
