262 Main St Waterboro, ME 04030
This exceptional commercial property in Waterboro, Maine, presents a unique investment opportunity. The 4.75-acre lot, located on Route 202 near the intersection of Route 5, boasts a thriving 6,422 square foot feed and retail store (Woodsome's Feed and Needs), currently operating at 100% occupancy. The property features three existing curb cuts, offering significant potential for expansion with additional businesses. An included adjacent lot provides 420 feet of frontage on the corner of Main Street and Old Mast Road, further enhancing development possibilities. The existing building, constructed in 1983, is zoned Commercial/Village and includes 20 parking spaces. The property's prime location and high traffic count make it ideal for various ventures, including additional fast-food establishments or smaller retail shops. The asking price is $2,270,000, with a price per square foot of $353.47. The APN is WTBR-000005-000000-000052A. This property offers a blend of established income and substantial growth potential, making it an attractive investment in a desirable Maine location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.