Flex Space with Shop
For Sale
$310,000
74 Route 133, Winthrop, ME 04364
Commercial Sale, Winthrop, ME
Property Size3,470 SF
Lot Size0.26 Acres
Price / SF$89.34
Days on Market114
Property Features for 74 Route 133
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Village
Parking features
On Street
Lot features
Near Turnpike/ Interstate, Near Airport, Downtown, Business District, Near Shopping, Retail Strip, Shopping Mall
Standard status
Active
Size
3,470 SF
Lot size
0.26 Acres
Additional Details
Real Estate Included
Yes
Property Use
Other Industrial
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2723
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, None (Heating), Radiant
Water source
Public
Amenities
shop areas
office with bathroom
14-foot ceilings
three-phase power
large parking area
Building Details
Year built
1973
Flooring type
Concrete
Building materials
Wood Frame, Aluminum Siding
Roof type
Flat, Metal
Buildings
1
Listing Agency:
LAER
(207) 622-2220
Listed By:
John Blouin · License #BA919181
(207) 446-7708
Added: Jul 11
Changed: Oct 30
Last Checked: Nov 1 at 9:06AM
MLS# 1659310
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.
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Investment Insights
Based on property information with market context.
This flex-space building offers a multi-area commercial layout with 3,100 square feet of usable first-floor space. The lower level includes four shop areas, an office, and a bathroom, with 14-foot ceilings supporting a range of operational needs. Two shop areas contain in-floor radiant heating that requires a heat source. A wide staircase connects to two additional upper-level areas, while approximately 2,400 square feet remains unfinished for future buildout. The building was last used for auto repair and sales and includes concrete flooring, wood-frame construction, aluminum siding, and a flat metal roof.
Located on Route 133 in downtown Winthrop, the property is zoned Village and served by public water and public sewer. Three-phase power is available at the street. The building was constructed in 1973 and includes forced-air and radiant heating systems, along with areas currently listed without heating.
Located on Route 133 in downtown Winthrop, the property is zoned Village and served by public water and public sewer. Three-phase power is available at the street. The building was constructed in 1973 and includes forced-air and radiant heating systems, along with areas currently listed without heating.
Key Highlights
- 3,100 square feet of usable first‑floor space
- Four shop areas plus an office and bathroom on the first floor
- 14‑foot first‑floor ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,905
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,100
$438.1K
Cap Rate 7%
$312,929
$312.9K
Cap Rate 9%
$243,389
$243.4K
Market Conditions
NOI Build-Up for 3,470 SF
Gross rent
$34.6K $9.96/SF
− Vacancy
−$861 −$0.25/SF
EGI
$33.7K $9.71/SF
− OpEx
−$11.8K −$3.40/SF
NOI
$21.9K $6.31/SF
Area
Kennebec County, ME
Vacancy
2.49%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,100
Cap Rate 7%
$312,929
Cap Rate 9%
$243,389
Alternative Uses
Best Use
Industrial
$4.26M
$3.73M – $4.97M
NOI $298,433 @ 7.0% cap · market cap 96.27%
Second Best
Retail
$478.7K
$418.9K – $558.5K
NOI $33,509 @ 7.0% cap · market cap 10.81%
Theoretical Best
Warehouse
$5.18M
$4.53M – $6.04M
NOI $362,383 @ 7.0% cap · market cap 116.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
14 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 04364, ME
6,115
Population
3,342
Households
1.8
Avg Household Size
47
Median Age
37%
College-Educated
98%
High-School Grad
31.1 sq mi
ZIP Area
197
Density / Sq Mi
$82,858
Median Household Income
$44,602
Median Earnings
$1,031
Median Rent
$273,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Lilac Mixology & Catering Tasting Room - Winthrop — 129 Main St, Winthrop, ME 04364
Frequently Asked Questions
What type of property is this?
Flex space - Village-zoned commercial building with multiple work areas, office space, and expansion capacity across two levels.
Where is this flex space located?
The property is located at 74 Route 133 Winthrop, ME.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 3,100 square feet of usable first‑floor space; Four shop areas plus an office and bathroom on the first floor; 14‑foot first‑floor ceilings
