Automotive Property with Renovated
89 Washington Street N, Auburn, ME 04210
For Sale
$399,000
A paved lot, two-sided road frontage, and a renovated upper-level office support a range of automotive business operations.
Property Size1,728 SF
Price / SF$230.90
Days on Market634
Property Features for 89 Washington Street N
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Real Estate Included
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Better Homes & Gardens Real Estate/The Masiello Group
(207) 782-8311
Listed By:
Jane Cyr
(207) 740-6934
Source:
Integrityhomesrealestategroup
Added: Feb 19, 2025
Changed: Nov 12
Last Checked: Nov 13 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 Better Homes & Gardens Real Estate/The Masiello Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive property includes a paved lot and a renovated office on the second level. The site was previously used as a car dealership and has road frontage along two sides. Zoning is T- 5.1.
Positioned at the Auburn rotary, the property has exposure from three sides and access to the ME Turnpike. The lot provides on-site parking.
Positioned at the Auburn rotary, the property has exposure from three sides and access to the ME Turnpike. The lot provides on-site parking.
Key Highlights
- Automotive property at the Auburn rotary
- Road frontage on two sides of the street
- Three‑sided exposure at the rotary
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,071
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,420
$361.4K
Cap Rate 7%
$258,157
$258.2K
Cap Rate 9%
$200,789
$200.8K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$31.1K $18.00/SF
− Vacancy
−$5.3K −$3.06/SF
EGI
$25.8K $14.94/SF
− OpEx
−$7.7K −$4.48/SF
NOI
$18.1K $10.46/SF
Area
Androscoggin County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,420
Cap Rate 7%
$258,157
Cap Rate 9%
$200,789
Alternative Uses
Best Use
Retail
$258.2K
$225.9K – $301.2K
NOI $18,071 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$537.4K
$470.3K – $627.0K
NOI $37,620 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
8,720 visits/mo
0.5 miles
Demographics for 04210, ME
24,061
Population
11,113
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
59.3 sq mi
ZIP Area
406
Density / Sq Mi
$66,552
Median Household Income
$42,624
Median Earnings
$983
Median Rent
$254,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Budget Truck Rental — 150 Minot Ave, Auburn, ME 04210
Frequently Asked Questions
What type of property is this?
Automotive property - A paved lot, two-sided road frontage, and a renovated upper-level office support a range of automotive business operations.
Where is this automotive property located?
The property is located at 89 Washington Street N Auburn, ME.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Automotive property at the Auburn rotary; Road frontage on two sides of the street; Three‑sided exposure at the rotary
