Multi-Building Retail
New
For Sale
$2,270,000
262 Main St, Waterboro, ME 04030
An established feed and agricultural retailer operates across multiple buildings with access from three curb cuts.
Property Size6,422 SF
Lot Size4.50 Acres
Price / SF$353.47
Days on Market4
Property Features for 262 Main St
General Information
Standard status
Active
Size
6,422 SF
Lot size
4.50 Acres
Property subtype
Commercial
Site & Location
Corner Location
Yes
Traffic Count
27,583 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Currently Operating
Yes
Building Details
Year Built
1983
Listing Agency:
Lakes Region Realty
(207) 310-8592
Listed By:
Carol Kline
Source:
Klinerealtygroup
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:15AM
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 Lakes Region Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 4.5-acre retail property includes multiple buildings and is currently home to Woodsome's Feed and Needs, a retailer focused on feed, agricultural products, and general merchandise. The site also includes an additional lot, with the existing business and land forming a multi-building commercial offering.
The property sits at the intersection of Route 202 and Route 5, where the stated traffic count is 27,583. Three curb cuts serve the site. The additional lot has 420 feet of owned road frontage at the corner of Main Street (Route 5) and Old Mast Road. One of the two curb cuts beyond the current business could support subdivision of a lot, as described in the property information.
The property sits at the intersection of Route 202 and Route 5, where the stated traffic count is 27,583. Three curb cuts serve the site. The additional lot has 420 feet of owned road frontage at the corner of Main Street (Route 5) and Old Mast Road. One of the two curb cuts beyond the current business could support subdivision of a lot, as described in the property information.
Key Highlights
- 4.5+/- acres with multiple buildings
- Three existing curb cuts
- At the intersection of Route 202 and Route 5; traffic count is 27,583
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,988
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,559,760
$1.6M
Cap Rate 7%
$1,114,114
$1.1M
Cap Rate 9%
$866,533
$866.5K
Market Conditions
NOI Build-Up for 6,422 SF
Gross rent
$121.8K $18.96/SF
− Vacancy
−$10.3K −$1.61/SF
EGI
$111.4K $17.35/SF
− OpEx
−$33.4K −$5.20/SF
NOI
$78.0K $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%
$1,559,760
Cap Rate 7%
$1,114,114
Cap Rate 9%
$866,533
Alternative Uses
Best Use
Retail
$1.11M
$974.9K – $1.30M
NOI $77,988 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,502 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
27,583 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
55k
Monthly Visits Nearby
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
0.2 miles
SUBWAY
Dining
6,013 visits/mo
0.2 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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - An established feed and agricultural retailer operates across multiple buildings with access from three curb cuts.
Where is this retail space located?
The property is located at 262 Main St Waterboro, ME.
What is the asking price?
The asking price for this property is $2,270,000.
What are key features of this property?
This property features: 4.5+/- acres with multiple buildings; Three existing curb cuts; At the intersection of Route 202 and Route 5; traffic count is 27,583
