Three-Bay Auto Repair
For Sale
$240,000
61 Lincoln Street, Lewiston, ME 04240
COMMERCIAL - Lewiston, ME
Property Size1,947 SF
Lot Size0.23 Acres
Price / SF$123.27
Days on Market36
Property Features for 61 Lincoln Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RF
Parking features
On Street
Lot features
Public Transport Access, Downtown, Business District, Bus Line, Near Shopping
Standard status
Active
Size
1,947 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3040
Utilities
Sewer type
Public Sewer
Heating system
Oil, Forced Air
Water source
Public
Building Details
Year built
1954
Flooring type
Concrete
Building materials
Masonry, Block
Roof type
Flat, Membrane
Listing Agency:
Fontaine Family-The Real Estate Leader
(207) 784-3800
Listed By:
Aaren James
(207) 699-7022
Added: Jul 2
Changed: Aug 4
Last Checked: Aug 6 at 10:06AM
MLS# 1667306
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 turnkey automotive repair facility includes a three-bay garage offered with the real estate and an extensive equipment package. The shop is equipped with two working lifts, a tire machine with helper, a tire balancer, bearing press, compressor, MIG welder, and torch setup, along with office furniture, shop tools, and additional equipment.
Built in 1954, the building features masonry block construction, concrete flooring, oil and forced air heating, and a flat membrane roof. The property sits on a high-visibility corner lot with on-street parking, and it is served by public water and public sewer.
With a history of more than 50 years of operation, the facility is designed to support day-to-day auto repair workflows in a straightforward shop layout.
Built in 1954, the building features masonry block construction, concrete flooring, oil and forced air heating, and a flat membrane roof. The property sits on a high-visibility corner lot with on-street parking, and it is served by public water and public sewer.
With a history of more than 50 years of operation, the facility is designed to support day-to-day auto repair workflows in a straightforward shop layout.
Key Highlights
- Three‑bay automotive repair garage with extensive included equipment
- Two working lifts plus tire machine with helper and tire balancer
- More than 50 years of operating history
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 | $35.0k | $18.00 |
| − Vacancy | −$6.0k | −$3.06 |
| EGI | $29.1k | $14.94 |
| − OpEx | −$8.7k | −$4.48 |
| NOI | $20.4k | $10.46 |
1,947 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.85M
$2.49M – $3.32M
NOI $199,345 @ 7.0% cap · market cap 83.06%
Second Best
Retail
$290.9K
$254.5K – $339.4K
NOI $20,362 @ 7.0% cap · market cap 8.48%
Theoretical Best
Warehouse
$3.46M
$3.03M – $4.03M
NOI $242,061 @ 7.0% cap · market cap 100.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
2,354
Businesses Nearby
33k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Hotels & Casinos 27%
Citgo
Shops & Services
8,720 visits/mo
0.4 miles
Hilton Garden Inn Auburn Riverwatch
Hotels & Casinos
6,373 visits/mo
0.3 miles
TD Bank
Shops & Services
6,313 visits/mo
0.3 miles
Gulf Oil
Shops & Services
4,920 visits/mo
0.5 miles
Citgo
Shops & Services
4,300 visits/mo
0.3 miles
Demographics for 04240, ME
37,121
Population
16,852
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
34.1 sq mi
ZIP Area
1,089
Density / Sq Mi
$56,558
Median Household Income
$36,734
Median Earnings
$954
Median Rent
$214,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Brandon's mobile auto repair — 9th St, Auburn, ME 04210
- Lewiston Radiator Works — 48 Riverside Dr, Auburn, ME 04210
- Young Guns Services Center — 105 Riverside Dr #6924, Auburn, ME 04210
- Sullivan Tire & Auto Service — 805 Lisbon St, Lewiston, ME 04240
- Brad's Precision Auto Repair — 144 Riverside Dr, Auburn, ME 04210
Frequently Asked Questions
What type of property is this?
Auto shop - Three-bay garage on a high-visibility corner lot, equipped with automotive repair tools and served by public water and sewer.
Where is this auto shop located?
The property is located at 61 Lincoln Street Lewiston, ME.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Three‑bay automotive repair garage with extensive included equipment; Two working lifts plus tire machine with helper and tire balancer; More than 50 years of operating history
