Mixed-Use Property with Car
307 Main Street, Westbrook, ME 04092
For Sale
$1,200,000
An upstairs two-bedroom, two-bath apartment complements the car wash, detailing area, office, and spacious garage bay.
Property Size4,998 SF
Price / SF$240.10
Days on Market483
Property Features for 307 Main Street
General Information
Standard status
Size
Property subtype
Zoning
Automotive
Service Bays
Automotive Uses
Units
Unit Mix
Multifamily Units
Tenancy & Operations
Tenant in Place
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
Exterior Vacuums
Large Office Space
Apartment
Cathedral Ceilings
Hardwood Floors
Tile Floors
Building Details
Building Size
Year Built
Listing Agency:
American Real Estate
(207) 331-5131
Listed By:
Stephen Levine
(207) 671-4697
Source:
Integrityhomesrealestategroup
Added: Jul 17, 2025
Changed: Nov 11
Last Checked: Nov 11 at 2:05AM
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 American Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property in Westbrook combines a car wash and detailing operation with a two-bedroom, two-bath apartment above the business. The apartment has cathedral ceilings and hardwood and tile floors. Commercial features include a large office, exterior vacuums, and a spacious garage bay. A car wash conveyor was installed in 2016, and the building dates to 1965.
The town has indicated that two additional residential units may be added, subject to town approval. The business has been leased for the past five years. The property is located at 307 Main Street in Westbrook, Maine, and is zoned 11.
The town has indicated that two additional residential units may be added, subject to town approval. The business has been leased for the past five years. The property is located at 307 Main Street in Westbrook, Maine, and is zoned 11.
Key Highlights
- Car wash and detailing operation with an upstairs two‑bedroom, two‑bath apartment
- Car wash conveyor installed in 2016
- Large office, exterior vacuums, and a spacious garage bay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,075
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,241,500
$1.2M
Cap Rate 7%
$886,786
$886.8K
Cap Rate 9%
$689,722
$689.7K
Market Conditions
NOI Build-Up for 4,998 SF
Gross rent
$108.0K $21.60/SF
− Vacancy
−$8.6K −$1.73/SF
EGI
$99.3K $19.87/SF
− OpEx
−$37.2K −$7.45/SF
NOI
$62.1K $12.42/SF
Area
Cumberland 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%
$1,241,500
Cap Rate 7%
$886,786
Cap Rate 9%
$689,722
Alternative Uses
Best Use
Mixed Use
$886.8K
$775.9K – $1.03M
NOI $62,075 @ 7.0% cap · market cap 5.17%
Second Best
Specialty Retail
$800.0K
$700.0K – $933.4K
NOI $56,003 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,159 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Service bays
1
Residential units
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
52k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 14%
Apparel 12%
Home Improvements & Furnishings 2%
McDonald's
Dining
32,027 visits/mo
0.5 miles
Goodwill
Apparel
6,369 visits/mo
0.5 miles
Amato's
Dining
5,226 visits/mo
0.5 miles
Lee Dodge Chrysler Jeep Ram
Shops & Services
2,811 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
2,694 visits/mo
0.5 miles
Demographics for 04092, ME
20,400
Population
9,404
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
96%
High-School Grad
17.2 sq mi
ZIP Area
1,186
Density / Sq Mi
$85,868
Median Household Income
$49,922
Median Earnings
$1,373
Median Rent
$341,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Cumberland County, ME
Properties on Market for Mixed-use properties in Cumberland County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An upstairs two-bedroom, two-bath apartment complements the car wash, detailing area, office, and spacious garage bay.
Where is this mixed-use property located?
The property is located at 307 Main Street Westbrook, ME.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Car wash and detailing operation with an upstairs two‑bedroom, two‑bath apartment; Car wash conveyor installed in 2016; Large office, exterior vacuums, and a spacious garage bay
