863 Main Street, Westbrook, ME 04092
COMMERCIAL - Westbrook, ME
- Added:
- Jun 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 9 at 12:06 am
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 agent Briton Vitalius (207) 541-3755
Listing office Vitalius Real Estate Group, LLC 306 Congress Street, Suite 3, Portland, ME (207) 541-3755
Listing date Jun 8, 2026
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.
HighLights
- 10,481 SF, multi‑tenanted retail property at 863 Main ST
- Currently subdivided into five distinct spaces
- Restaurant space just leased with a 5‑year deal
- Corner of Main ST in Westbrook downtown district
- Wood frame construction with flat roof
- Public water and public sewer; heated with natural gas
Overview
Located on a prominent corner of Main Street in Westbrook’s downtown district, the asset is situated within zoning designated as CCD. The property occupies a 0.22-acre lot.
For tenants and operators, the configuration supports a mix of restaurant and retail concepts within a single address, with separate suites that can be marketed individually. For buyers, the current lease provides an anchored use, while the remaining vacant spaces create flexibility to tailor the tenant mix. The listing also notes potential future development vertically into residential units or hospitality, subject to the applicable approvals and feasibility.
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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Coinstar Kiosk | Bitcoin ATM — Hannaford Bros, 7 Hannaford Dr, Westbrook, ME 04092
Location Insight
- Map
- Local Demand
- City
- Westbrook
- County
- Cumberland
- State
- Maine
- Longitude
- -70.3665962
- Latitude
- 43.6768712
