Retail Property with Multiple
262 Main Street Waterboro, ME 04030
For Sale
$2,270,000
COMMERCIAL - Waterboro, ME
Property Size6,422 SF
Lot Size4.75 Acres
Price / SF$353.47
Days on Market46
Property Features for 262 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- commercial/village
- Parking features
- Other, Off Street
- Interior features
- Storage
- Standard status
- Active
- Size
- 6,422 SF
- Lot size
- 4.75 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 4576
Utilities
- Sewer type
- Septic Tank, Private Sewer
- Heating system
- Kerosene
- Water source
- Well, Private
Building Details
- Year built
- 1983
- Flooring type
- Concrete
- Building materials
- Wood Frame, Wood Siding
- Roof type
- Metal
- Additional Structures
- Storage
Listing Agency:
Lakes Region Realty
(207) 636-2818
Listed By:
Jane Carmichael
(207) 459-4849
Added: Jun 9
Changed: Jul 11
Last Checked: Jul 24 at 10:06PM
MLS# 1638474
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 retail property totals 4.75 acres and includes multiple buildings. The site is currently home to Woodsome’s Feed and Needs, which sells feed, agricultural, and miscellaneous retail items. The property also includes an additional lot with approximately 420 feet of owned road frontage on the corner of Main St (Rt 5) and Old Mast Rd.
The parcel sits at the intersection of well-traveled Route 202 and Route 5 and features three existing curb cuts, supporting convenient access for customer traffic.
Zoned commercial/village, the offering provides a developed retail site with existing storefront operations and room for continued improvements on the combined acreage.
The parcel sits at the intersection of well-traveled Route 202 and Route 5 and features three existing curb cuts, supporting convenient access for customer traffic.
Zoned commercial/village, the offering provides a developed retail site with existing storefront operations and room for continued improvements on the combined acreage.
Key Highlights
- 4.5+/- acre commercial property with 3 existing curb cuts at the intersection of Route 202 and Route 5
- 420' owned road frontage on the corner of Main St (Rt 5) and Old Mast Rd, plus an additional lot included with part of the 4.5+/- acres
- Multiple buildings on site and currently operates Woodsome's Feed and Needs, specializing in feed and agricultural/miscellaneous retail items
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 | $121.8k | $18.96 |
| − Vacancy | −$10.3k | −$1.61 |
| EGI | $111.4k | $17.35 |
| − OpEx | −$33.4k | −$5.20 |
| NOI | $78.0k | $12.14 |
6,422 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Multi-building retail property on 4.75 acres with three curb cuts at a busy Route 202 and Route 5 intersection.
Where is this retail space located?
The property is located at 262 Main Street 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+/- acre commercial property with 3 existing curb cuts at the intersection of Route 202 and Route 5; 420' owned road frontage on the corner of Main St (Rt 5) and Old Mast Rd, plus an additional lot included with part of the 4.5+/- acres; Multiple buildings on site and currently operates Woodsome's Feed and Needs, specializing in feed and agricultural/miscellaneous retail items
