Corner Multi-Tenant Retail
863 Main Street Westbrook, ME 04092
Multi-tenanted retail building on a corner lot, subdivided into five spaces with a newly leased restaurant unit.
Type:Commercial
Property size:
10,481 SFPrice / SF:
$160/SF- Added:
- May 30, 2026
- Days on Market:
- 41
- Last Refresh:
- Jul 9 at 2:25 am
Property Features for 863 Main Street
General Information
- Standard status
- Active
- Size
- 10,481 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing office Vitalius Real Estate Group,LLC
Listing date May 30, 2026
Source Greatislandrealty
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 Vitalius Real Estate Group,LLC
Investment Insights
Based on property information with market context.
863 Main Street is a 10,481 SF, multi-tenanted retail building currently subdivided into five distinct spaces. One of the spaces operates as a restaurant and was recently leased on a 5-year term, while the remaining spaces are vacant and available within the same property configuration.
Situated on a prominent corner of Main Street in Westbrook’s downtown district, the building’s street-facing setup supports visibility for a retail mix across multiple units.
For buyers seeking a downtown retail asset with an already-leased restaurant component and additional unit opportunities within the same address, this five-space layout provides a straightforward way to manage multiple tenancies under one ownership.
Situated on a prominent corner of Main Street in Westbrook’s downtown district, the building’s street-facing setup supports visibility for a retail mix across multiple units.
For buyers seeking a downtown retail asset with an already-leased restaurant component and additional unit opportunities within the same address, this five-space layout provides a straightforward way to manage multiple tenancies under one ownership.
Key Highlights
- 10,481 SF multi‑tenanted retail property at 863 Main St, built in 1900
- Located on a corner lot in Westbrook’s downtown district
- Currently subdivided into five distinct spaces
Local Financial Insights For Specialty 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 | $188.7k | $18.00 |
| − Vacancy | −$32.1k | −$3.06 |
| EGI | $156.6k | $14.94 |
| − OpEx | −$39.1k | −$3.74 |
| NOI | $117.4k | $11.21 |
10,481 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,440 @ 7.0% cap · market cap 6.99%
Second Best
Retail
$1.57M
$1.37M – $1.83M
NOI $109,610 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,650 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
myMaine Designs
Marketing & Advertising
Bloom Consignment & Resale ...
Discount Store
'brook city nutrition
Restaurant
Frankie & Rose Salon ...
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Hannaford Bros, 7 Hannaford Dr, Westbrook, ME 04092
FAQs
What type of property is this?
Shopping center - Multi-tenanted retail building on a corner lot, subdivided into five spaces with a newly leased restaurant unit.
Where is this shopping center located?
The property is located at 863 Main Street Westbrook, ME.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: 10,481 SF multi‑tenanted retail property at 863 Main St, built in 1900; Located on a corner lot in Westbrook’s downtown district; Currently subdivided into five distinct spaces
