Auto Shop Redevelopment
474 Main Street Westbrook, ME 04092
New
474 Main Street, Westbrook, ME, 04092
$500,000
For Sale
$500,000
LAND - Westbrook, ME
Property Size1,300 SF
Lot Size0.22 Acres
Price / SF$384.62
Days on Market1
Property Features for 474 Main Street
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- CCD
- Parking features
- Off Street
- Standard status
- Active
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4245
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Listing Agency
J T Leahy Real Estate
(207) 939-8366
1 Westbrook Common Ste 1, Portland, ME
Listed by
Jonathan Leahy
(207) 939-8366
Added: Jul 16 Checked: Jul 16 at 6:06 pm
MLS# 1672202
Listing URL
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.
The property includes an existing 1,300 SF commercial building on a 0.22-acre site, configured with a small office area and two garage bays featuring overhead doors. Vehicle lifts and an air-compressor are currently operational and available with the building, supporting continued auto-related use or redevelopment plans.
The property is located at 474 Main Street in Westbrook, Maine, within the CCD (City Center District) zoning designation. It is described as a high-visibility site in the downtown Westbrook central business corridor.
For buyers evaluating flexible reuse, renovation, or redevelopment, the current layout offers office space paired with garage service bays and the included equipment.
The property is located at 474 Main Street in Westbrook, Maine, within the CCD (City Center District) zoning designation. It is described as a high-visibility site in the downtown Westbrook central business corridor.
For buyers evaluating flexible reuse, renovation, or redevelopment, the current layout offers office space paired with garage service bays and the included equipment.
Key Highlights
- 1,300 SF commercial building on a 0.22‑acre site in Downtown Westbrook’s central business corridor
- City Center District zoning (flexible) with commercial site use potential
- Former Sticker Station property configured with a small office area and two garage bays with overhead doors
Local 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 | $28.4k | $21.84 |
| − Vacancy | −$3.6k | −$2.75 |
| EGI | $24.8k | $19.09 |
| − OpEx | −$6.2k | −$4.77 |
| NOI | $18.6k | $14.32 |
1,300 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$265.9K
$232.6K – $310.2K
NOI $18,611 @ 7.0% cap · market cap 3.72%
Second Best
Retail
$194.2K
$169.9K – $226.6K
NOI $13,595 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$357.3K
$312.6K – $416.9K
NOI $25,011 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sticker Station
Vehicle Inspection Center
Similar For Sale Nearby
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
FAQs
What type of property is this?
Auto shop - Commercial site with a building, small office area, and two overhead-door garage bays on a 0.22-acre parcel.
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: 1,300 SF commercial building on a 0.22‑acre site in Downtown Westbrook’s central business corridor; City Center District zoning (flexible) with commercial site use potential; Former Sticker Station property configured with a small office area and two garage bays with overhead doors
