Automotive Garage with
847 Route 3 China, ME 04358
For Sale
$575,000
Spacious commercial garage with multiple-bay layout and ample on-site parking for automotive or similar trades.
Property Size3,700 SF
Price / SF$155.41
Days on Market57
Property Features for 847 Route 3
General Information
Standard status
Active
Size
3,700 SF
Property subtype
Commercial
Building Details
Year Built
1976
Listing Agency:
Coldwell Banker Realty
(207) 215-9466
Listed By:
Anthony Loiko
(207) 215-9466
Source:
Startpoint
Added: Jun 3
Changed: Jul 27
Last Checked: Jul 28 at 6:33PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
The property is a spacious 3,700± square foot commercial garage designed to support automotive and similar trade uses. The building includes ample interior space for multiple bays, equipment, and storage, creating a practical layout for hands-on repair and service operations.
The site is positioned for exposure along busy Route 3. The property also offers plenty of on-site parking for customers and staff, supporting day-to-day access for vehicles and visitors.
Overall, this is a versatile garage building configured for workflow space, with room to accommodate equipment and stored materials in addition to multi-bay operations.
The site is positioned for exposure along busy Route 3. The property also offers plenty of on-site parking for customers and staff, supporting day-to-day access for vehicles and visitors.
Overall, this is a versatile garage building configured for workflow space, with room to accommodate equipment and stored materials in addition to multi-bay operations.
Key Highlights
- Spacious 3,700± SF commercial garage with multiple‑bay layout for an auto mechanic or similar trade
- Built in 1976
- Ample space for multiple bays, equipment, and storage
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 | $53.3k | $14.40 |
| − Vacancy | −$2.2k | −$0.60 |
| EGI | $51.0k | $13.80 |
| − OpEx | −$15.3k | −$4.14 |
| NOI | $35.7k | $9.66 |
3,700 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Industrial
$4.55M
$3.98M – $5.30M
NOI $318,214 @ 7.0% cap · market cap 55.34%
Second Best
Retail
$510.4K
$446.6K – $595.5K
NOI $35,730 @ 7.0% cap · market cap 6.21%
Theoretical Best
Warehouse
$5.52M
$4.83M – $6.44M
NOI $386,403 @ 7.0% cap · market cap 67.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- S & T SERVICE INC — 847 ME-3, China, ME 04358
Frequently Asked Questions
What type of property is this?
Auto shop - Spacious commercial garage with multiple-bay layout and ample on-site parking for automotive or similar trades.
Where is this auto shop located?
The property is located at 847 Route 3 China, ME.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Spacious 3,700± SF commercial garage with multiple‑bay layout for an auto mechanic or similar trade; Built in 1976; Ample space for multiple bays, equipment, and storage
