Property profile

39 Mechanic St Westbrook, ME 04092

OFF-MARKET
Warehouses
Property ID
US42-0440737
30,300 SF 1.12 ac lot Built 1952
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 39 Mechanic Street in Westbrook, Maine, offers 4,998 square feet of flexible office space for lease. The building, totaling 30,826 square feet, is situated on a 1.17-acre lot within the City Center District zoning. The space is ideal for businesses seeking a blend of executive office and flex space, catering to various operational needs. The property boasts ample parking with 39 spaces spread across three surface lots, supplemented by convenient on-street parking options. Its strategic location offers easy access to major transportation arteries, including proximity to I-95/Maine Turnpike (Rand Road Exit) just 1.5 miles away, and is a short 15-minute drive from downtown Portland. The property's convenient location also places it within a few miles of the Portland International Jetport. Westbrook's vibrant business environment provides a wealth of amenities, including a variety of restaurants, coffee shops, and retail establishments, enhancing the overall appeal of this location for employees and clients alike. This single-suite building presents a unique opportunity for a business seeking a prominent presence in a thriving Maine community. The property is zoned for City Center District use.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1952
Construction FRAME
Total area 30,300 SF
Lot 1.12 ac (48,787 SF)
Zoning code 16
APN WSBR M:028 L:084
UPID US42-0440737

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Chemical Plant Factory
  • Social Service Agency
  • Adoption Agency
  • Association / Organization
  • Real Estate Agency

Location

39 Mechanic St Westbrook, ME 04092-2855
Westbrook metro Census 2902 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$820k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.28M
Blend (final) Blend
$1.05M

Owner & transaction history

since 2019
3 recorded transactions
2022
Price N/A
2019
Price N/A
2013
Price N/A

Zoning & alternative use

16 · Westbrook, ME

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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