Mixed-Use Building with
For Sale
$600,000
305 Main Street, Waterboro, ME 04030
The property combines ground-floor commercial suites with second-floor apartments and a separate garage/workshop.
Property Size3,680 SF
Price / SF$163.04
Days on Market1650
Property Features for 305 Main Street
General Information
Standard status
Active
Size
3,680 SF
Property subtype
Commercial
Zoning
Commercial
Occupancy
100%
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,295
Building Details
Building Size
3,680 SF
Year Built
1979
Stories
2
Tenancy
Multi
Listed By:
Dan Amero
(207) 762-8053
Source:
Amerorealty
Added: Apr 18, 2022
Changed: Oct 22
Last Checked: Oct 22 at 2:27PM
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 Dan Amero
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Investment Insights
Based on property information with market context.
This mixed-use property contains 3 retail/office units on the ground floor and 2 one-bedroom apartments upstairs. The main building totals 3,680 square feet and was built in 1979. A detached garage/workshop, built in 1986, adds a separate utility space. The roof on the main building has been replaced, and the property has received updates over time. All units are currently rented, and off-street parking is available.
Located at 305 Main Street in Waterboro, Maine, the property is close to town amenities. Commercial zoning is in place.
Located at 305 Main Street in Waterboro, Maine, the property is close to town amenities. Commercial zoning is in place.
Key Highlights
- 3,680‑square‑foot mixed‑use property with 3 retail/office units and 2 one‑bedroom apartments
- Detached garage/workshop built in 1986
- Main building constructed in 1979; roof replaced and property updated over time
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,706
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,120
$914.1K
Cap Rate 7%
$652,943
$652.9K
Cap Rate 9%
$507,844
$507.8K
Market Conditions
NOI Build-Up for 3,680 SF
Gross rent
$79.5K $21.60/SF
− Vacancy
−$6.4K −$1.73/SF
EGI
$73.1K $19.87/SF
− OpEx
−$27.4K −$7.45/SF
NOI
$45.7K $12.42/SF
Area
York County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,120
Cap Rate 7%
$652,943
Cap Rate 9%
$507,844
Alternative Uses
Best Use
Mixed Use
$652.9K
$571.3K – $761.8K
NOI $45,706 @ 7.0% cap · market cap 7.62%
Second Best
Retail
$638.4K
$558.6K – $744.8K
NOI $44,689 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,658 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
97
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
0.3 miles
Aroma Joe's
Dining
9,538 visits/mo
0.4 miles
Dunkin' Donuts
Dining
7,582 visits/mo
0.4 miles
SUBWAY
Dining
6,013 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
3,488 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines ground-floor commercial suites with second-floor apartments and a separate garage/workshop.
Where is this mixed-use property located?
The property is located at 305 Main Street Waterboro, ME.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,680‑square‑foot mixed‑use property with 3 retail/office units and 2 one‑bedroom apartments; Detached garage/workshop built in 1986; Main building constructed in 1979; roof replaced and property updated over time
