Windham Commercial Building on Route
For Sale
$750,000
989 Roosevelt Trail, Windham, ME 04062
Commercial building in prime location with high visibility and traffic.
Property Size5,544 SF
Lot Size0.79 Acres
Price / SF$135.28
Days on Market215
Property Features for 989 Roosevelt Trail
General Information
Standard status
Active
Size
5,544 SF
Lot size
0.79 Acres
Property subtype
Commercial
Building Details
Year Built
2021
Listing Agency:
Butts Commercial Brokers
Listed By:
Lawrence Eliason · License #MAINEBR115110
(207) 415-2112
Source:
Greatislandrealty
Added: Mar 5
Changed: Oct 6
Last Checked: Oct 5 at 8:36PM
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 Butts Commercial Brokers
Investment Insights
Based on property information with market context.
Located at 989 Roosevelt Trail in Windham, Maine, this commercial building offers approximately 2,772 square feet of first-floor space. The layout includes a retail showroom or office area, a workshop room, and warehouse space. Situated on a 0.79-acre lot, the property features approximately 300 feet of road frontage on Route 302. It is zoned C1N Commercial District. The building is equipped with a natural gas-fired heating system and a 200 AMP electrical service. It utilizes a private septic system and public water. The property is well-appointed and located in a prime North Windham location on Route 302, making it suitable for a retail business with service, parts, and accessories, as well as for contractors in all trades. The property benefits from high traffic volume and excellent visibility from both directions on Route 302, located just north of the Quarry Business Park at Enterprise Drive. The 2025/2026 taxes are $3,299.62.
Key Highlights
- Prime North Windham location on Rt. 302 with high traffic count and superb visibility.
- 2,772 +\/- Sq. Ft. of first‑floor space suitable for retail, showroom, office, workshop, and warehouse use.**
- Located in C1N Commercial District, ideal for retail businesses and contractors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,856
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,120
$1.4M
Cap Rate 7%
$983,657
$983.7K
Cap Rate 9%
$765,067
$765.1K
Market Conditions
NOI Build-Up for 5,544 SF
Gross rent
$119.8K $21.60/SF
− Vacancy
−$9.6K −$1.73/SF
EGI
$110.2K $19.87/SF
− OpEx
−$41.3K −$7.45/SF
NOI
$68.9K $12.42/SF
Area
Cumberland County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,120
Cap Rate 7%
$983,657
Cap Rate 9%
$765,067
Alternative Uses
Best Use
Office B
$1.13M
$992.1K – $1.32M
NOI $79,369 @ 7.0% cap · market cap 10.58%
Second Best
Mixed Use
$983.7K
$860.7K – $1.15M
NOI $68,856 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,664 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 04062, ME
18,464
Population
8,695
Households
2.1
Avg Household Size
42
Median Age
42%
College-Educated
98%
High-School Grad
46.7 sq mi
ZIP Area
395
Density / Sq Mi
$98,946
Median Household Income
$57,505
Median Earnings
$1,189
Median Rent
$370,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building in prime location with high visibility and traffic.
Where is this mixed-use property located?
The property is located at 989 Roosevelt Trail Windham, ME.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime North Windham location on Rt. 302 with high traffic count and superb visibility.; 2,772 +\/- Sq. Ft. of first‑floor space suitable for retail, showroom, office, workshop, and warehouse use.**; Located in C1N Commercial District, ideal for retail businesses and contractors.
