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    197 Main St Westbrook, ME 04092

    Sponsored
    For Lease
    $10 SF/Yr ($6,270 /Mo)

    Westbrook, ME: 7,000 SF Retail Space Available

    Lot size:
    7,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity presents a 7,000-square-foot free-standing building situated on a 0.96-acre lot in Westbrook, Maine. Located at 197 Main Street, the property boasts a prime location within the Gateway Commercial zoning district, offering excellent visibility and accessibility. The single-story, Class B building is currently entirely vacant, presenting a unique chance for a single tenant to occupy the entire space or for multiple tenants to lease portions. The minimum divisible space is 2,500 square feet, with a maximum contiguous space of 7,000 square feet, providing flexibility for various business needs. The property's address is 197 Main Street, Westbrook, ME 04092, and its parcel number is 42A/3 in Cumberland County. This presents a rare chance to establish a strong retail presence in a thriving Maine community. The property is zoned for Gateway Commercial use, ensuring a wide range of potential applications. The substantial lot size offers ample parking and potential for future expansion. This is an ideal location for businesses seeking high visibility and convenient access for customers. Don't miss this opportunity to secure a prominent retail space in a desirable location.

    Property Features for 197 Main St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,000 SF
    Class
    B
    Total Rate
    6270.83

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Suite: 1
    Size
    7,000 SF
    Rate per SF
    $10

    HighLights

    • 197 Main Street, Westbrook, ME for lease or build‑to‑suit.
    • 0.96‑acre site available for lease or build‑to‑suit.
    • Located in the Gateway Commercial Zone.
    • Tax Map/Lot 42A/3.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westbrook
    County
    Cumberland
    State
    Maine
    Longitude
    -70.337350143942
    Latitude
    43.678343217162

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    FAQs

    What type of property is this?
    Individual retail property - Westbrook, ME: 7,000 SF Retail Space Available
    Where is this individual retail property located?
    The property is located at 197 Main St Westbrook, ME.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 197 Main Street, Westbrook, ME for lease or build-to-suit.; 0.96-acre site available for lease or build-to-suit.; Located in the Gateway Commercial Zone.
    Request Owner's contact information
    197 Main St Westbrook, ME 04092
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    197 Main St
    Westbrook, ME 04092
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    197 Main St Westbrook, ME 04092
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