Storefront
For Sale
$699,000
221 Main Street, Waterboro, ME 04030
Commercial Sale, Waterboro, ME
Property Size2,277 SF
Lot Size1.02 Acres
Price / SF$306.98
Days on Market93
Property Features for 221 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Village
Basement
Partial, Crawl Space, Unfinished, Full
Accessibility
Accessible Approach with Ramp
Lot features
Business District, Near Shopping
Standard status
Active
Size
2,277 SF
Lot size
1.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4389
Utilities
Sewer type
Private Sewer, Septic Tank
Heating system
Oil, Forced Air, Kerosene, Zoned
Water source
Private, Well
Water front features
Lake
Water front
1
Building Details
Year built
1900
Flooring type
Vinyl, Wood
Building materials
Wood Frame, Clapboard
Roof type
Metal, Shingle
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Christopher Foster
(207) 712-5674
Added: Jul 7
Changed: Oct 2
Last Checked: Oct 7 at 1:06AM
MLS# 1660132
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 storefront property at 221 Main Street includes 2,277 square feet on a 1.02-acre parcel. Built in 1900, the wood-frame building has clapboard siding, wood and vinyl flooring, and a metal and shingle roof. Heating is provided through kerosene and oil systems with zoned forced air.
The property is positioned along Route 202 in Waterboro, with lake waterfront and an accessible approach with ramp. Site infrastructure includes a private water source and private sewer through a septic tank. Village zoning supports its commercial classification.
The property is positioned along Route 202 in Waterboro, with lake waterfront and an accessible approach with ramp. Site infrastructure includes a private water source and private sewer through a septic tank. Village zoning supports its commercial classification.
Key Highlights
- 2,277‑square‑foot storefront property on 1.02 acres
- Located along Route 202 at 221 Main Street
- Lake waterfront included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,652
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,040
$553.0K
Cap Rate 7%
$395,029
$395.0K
Cap Rate 9%
$307,244
$307.2K
Market Conditions
NOI Build-Up for 2,277 SF
Gross rent
$43.2K $18.96/SF
− Vacancy
−$3.7K −$1.61/SF
EGI
$39.5K $17.35/SF
− OpEx
−$11.9K −$5.20/SF
NOI
$27.7K $12.14/SF
Area
York County, ME
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,040
Cap Rate 7%
$395,029
Cap Rate 9%
$307,244
Alternative Uses
Best Use
Retail
$395.0K
$345.7K – $460.9K
NOI $27,652 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$721.8K
$631.6K – $842.1K
NOI $50,526 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
55k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 51%
Dining 42%
Shops & Services 6%
Hannaford
Groceries
28,193 visits/mo
0.2 miles
Aroma Joe's
Dining
9,538 visits/mo
0.1 miles
Dunkin' Donuts
Dining
7,582 visits/mo
0.1 miles
SUBWAY
Dining
6,013 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
3,488 visits/mo
0.1 miles
Demographics for 04030, ME
2,239
Population
1,160
Households
1.9
Avg Household Size
44
Median Age
25%
College-Educated
97%
High-School Grad
15.4 sq mi
ZIP Area
145
Density / Sq Mi
$69,709
Median Household Income
$43,102
Median Earnings
$1,321
Median Rent
$326,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Village-zoned commercial property with an accessible ramp, private well, septic system, and lake waterfront.
Where is this storefront property located?
The property is located at 221 Main Street Waterboro, ME.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,277‑square‑foot storefront property on 1.02 acres; Located along Route 202 at 221 Main Street; Lake waterfront included with the property
