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Property profile & analytics
OFF-MARKET
Office buildings

394 Main St Westbrook, ME 04092-4326

960 SF 0.04 ac lot Built 1945
Individually Owned 4-yr Hold Free & Clear
Property ID
US42-0259196
Property summary
AI-generated overview

This exceptional 960-square-foot office building, located at 394 Main Street in Westbrook, Maine, presents a compelling investment opportunity. Priced at $325,000, this Class B property boasts a versatile layout suitable for executive, medical, or traditional office uses. Currently vacant, it offers immediate occupancy for a new business or expansion. The building underwent a comprehensive renovation in 2022, including a new roof, siding, flooring, paint, windows, and bathroom fixtures. Situated in Westbrook's City Center, this prime location benefits from high foot traffic and visibility on a busy street, just one mile from Rock Row and within walking distance of other businesses. The property's zoning permits a variety of uses, including retail, office space, restaurants, or mixed-use development. Westbrook's robust growth makes this a particularly attractive investment in the commercial real estate market. The building's recent updates and desirable location combine to create a strong value proposition for discerning investors. The asking price of $325,000 translates to $338.54 per square foot. This is a rare opportunity to acquire a fully renovated, well-located commercial property in a thriving Maine community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1945
Construction FRAME
Total area 960 SF
Lot 0.04 ac (1,742 SF)
Zoning code 16
APN WSBR M:040 L:115
UPID US42-0259196
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • John O Winship & Co Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Roger A Morse · 4 yrs held
Roger A Morse
since 2022
Last sale
$268,000
1 recorded transaction
2022
Price N/A
Zoning & alternative use
16 · Westbrook, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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