Corner Multi-Tenant Retail
863 Main Street Westbrook, ME 04092
For Sale
$1,680,000
COMMERCIAL - Westbrook, ME
Property Size10,481 SF
Lot Size0.22 Acres
Price / SF$160.29
Days on Market11
Property Features for 863 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CCD
- Rooms
- Basement
- Parking features
- On Street
- Basement
- Unfinished, Full
- 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
- Vinyl, Tile, Wood
- Building materials
- Wood Frame
- Roof type
- Flat
Listing Agency:
Vitalius Real Estate Group, LLC
(207) 541-3755
Listed By:
Briton Vitalius
(207) 541-3755
Added: Jul 14
Last Checked: Jul 24 at 9:06PM
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.
Investment Insights
Based on property information with market context.
This multi-tenant retail property is a corner building currently subdivided into five distinct spaces, providing multiple income opportunities within one site. The property includes a restaurant space that has been newly leased under a five-year deal.
Located on Main Street in Westbrook’s downtown district, the building benefits from a prominent corner presence. The property is zoned CCD.
With five separate retail/restaurant spaces in place, the configuration supports leasing activity across multiple units while accommodating changes over time for the remaining spaces.
Located on Main Street in Westbrook’s downtown district, the building benefits from a prominent corner presence. The property is zoned CCD.
With five separate retail/restaurant spaces in place, the configuration supports leasing activity across multiple units while accommodating changes over time for the remaining spaces.
Key Highlights
- 863 Main St corner property in Westbrook’s downtown district
- 10,481 SF multi‑tenanted retail building currently subdivided into five distinct spaces
- Restaurant space recently leased with a 5‑year deal
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
Property Profile
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
FAQs
What type of property is this?
Retail space - Multi-tenanted retail property subdivided into five spaces, including a restaurant newly leased for a five-year term.
Where is this retail space 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: 863 Main St corner property in Westbrook’s downtown district; 10,481 SF multi‑tenanted retail building currently subdivided into five distinct spaces; Restaurant space recently leased with a 5‑year deal
