Automotive Service Building with
474 Main Street Westbrook, ME 04092
For Sale
$500,000
Commercial building with small office area and two garage bays, plus operational vehicle lifts and an air-compressor.
Property Size1,269 SF
Lot Size0.22 Acres
Price / SF$394.01
Days on Market89
Property Features for 474 Main Street
General Information
Standard status
Active
Size
1,269 SF
Lot size
0.22 Acres
Property subtype
Commercial
Building Details
Year Built
1951
Listing Agency:
J T Leahy Real Estate
Listed By:
Jonathan Leahy
(603) 433-3350
Source:
Greatislandrealty
Added: May 2
Changed: Jul 26
Last Checked: Jul 29 at 12:39AM
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 J T Leahy Real Estate
Investment Insights
Based on property information with market context.
This high-visibility commercial building is currently configured with a small office area and two garage bays, each with an overhead door. Vehicle lifts and an air-compressor are still operational and available with the building, supporting continued automotive-related use.
The property is located in Downtown Westbrook near shopping, within the Bus Line and Business District context. It is offered with Flexible City Center District zoning.
The site includes two service bays that can support vehicle work, while the interior office area provides space for day-to-day business operations.
The property is located in Downtown Westbrook near shopping, within the Bus Line and Business District context. It is offered with Flexible City Center District zoning.
The site includes two service bays that can support vehicle work, while the interior office area provides space for day-to-day business operations.
Key Highlights
- Commercial building built in 1951 on 0.22 acres in Downtown Westbrook
- Nearly 1,300 SF configured with a small office area plus two garage bays with overhead doors
- Formerly the Sticker Station, with building assets including operational vehicle lifts
Financial Insights For Office B
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 | $27.7k | $21.84 |
| − Vacancy | −$3.5k | −$2.75 |
| EGI | $24.2k | $19.09 |
| − OpEx | −$6.1k | −$4.77 |
| NOI | $18.2k | $14.32 |
1,269 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$259.5K
$227.1K – $302.8K
NOI $18,167 @ 7.0% cap · market cap 3.63%
Second Best
Retail
$189.6K
$165.9K – $221.2K
NOI $13,271 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$348.8K
$305.2K – $406.9K
NOI $24,415 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Bill Dodge INFINITI — 1 Saunders Way, Westbrook, ME 04092
- Bill Dodge Buick GMC Service Department — 2 Saunders Way, Westbrook, ME 04092
- Bill Dodge Pre-Owned Super Center Service Department — 5 Saunders Way, Westbrook, ME 04092
- BMW of Westbrook Service Department — 7 Saunders Way, Westbrook, ME 04092
- Bill Dodge Collision Center — 3b Saunders Way, Westbrook, ME 04092
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial building with small office area and two garage bays, plus operational vehicle lifts and an air-compressor.
Where is this auto shop located?
The property is located at 474 Main Street Westbrook, ME.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Commercial building built in 1951 on 0.22 acres in Downtown Westbrook; Nearly 1,300 SF configured with a small office area plus two garage bays with overhead doors; Formerly the Sticker Station, with building assets including operational vehicle lifts
