Five-Space Shopping
For Sale
$1,680,000
863 Main Street, Westbrook, ME 04092
Commercial Sale, Westbrook, ME
Property Size10,481 SF
Lot Size0.22 Acres
Price / SF$160.29
Days on Market102
Property Features for 863 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CCD
Rooms
Basement
Parking features
On Street
Basement
Full, Unfinished
Lot features
Water View, Near Turnpike/ Interstate, Downtown, Near Shopping
Standard status
Active
Size
10,481 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15393
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1900
Flooring type
Wood, Vinyl, Tile
Building materials
Wood Frame
Roof type
Flat
Listing Agency:
Vitalius Real Estate Group, LLC
Listed By:
Briton Vitalius
(207) 541-3755
Added: Jul 14
Changed: Oct 19
Last Checked: Oct 23 at 7:06AM
MLS# 1664864
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 10,481-square-foot shopping center contains five separately configured retail spaces within a multi-tenant commercial building. The property dates to 1900 and includes wood-frame construction, a flat roof, and a basement. Interior finishes include vinyl, wood, and tile flooring, with natural-gas heating serving the building.
The property occupies 0.22 acres at a corner location on Main Street in downtown Westbrook. Public water and public sewer are available, and parking is provided on the street. The restaurant space is subject to a five-year lease, while the remaining spaces are identified as vacant in the property information. CCD zoning applies to the site.
The property occupies 0.22 acres at a corner location on Main Street in downtown Westbrook. Public water and public sewer are available, and parking is provided on the street. The restaurant space is subject to a five-year lease, while the remaining spaces are identified as vacant in the property information. CCD zoning applies to the site.
Key Highlights
- 10,481 SF multi‑tenant retail property
- Five distinct commercial spaces
- Restaurant space leased on a 5‑year deal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,440
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,348,800
$2.3M
Cap Rate 7%
$1,677,714
$1.7M
Cap Rate 9%
$1,304,889
$1.3M
Market Conditions
NOI Build-Up for 10,481 SF
Gross rent
$188.7K $18.00/SF
− Vacancy
−$32.1K −$3.06/SF
EGI
$156.6K $14.94/SF
− OpEx
−$39.1K −$3.74/SF
NOI
$117.4K $11.21/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,348,800
Cap Rate 7%
$1,677,714
Cap Rate 9%
$1,304,889
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
43k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 30%
Cumberland Farms
Shops & Services
14,340 visits/mo
0.3 miles
Dunkin' Donuts
Dining
13,015 visits/mo
0.2 miles
Bank of America
Shops & Services
4,716 visits/mo
0.0 miles
Family Dollar
Shops & Services
4,102 visits/mo
0.1 miles
TD Bank
Shops & Services
3,896 visits/mo
0.0 miles
Demographics for 04092, ME
20,400
Population
9,404
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
96%
High-School Grad
17.2 sq mi
ZIP Area
1,186
Density / Sq Mi
$85,868
Median Household Income
$49,922
Median Earnings
$1,373
Median Rent
$341,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Hannaford Bros, 7 Hannaford Dr, Westbrook, ME 04092
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant commercial property with a recently leased restaurant space and public utilities.
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‑tenant retail property; Five distinct commercial spaces; Restaurant space leased on a 5‑year deal
