394 Main St Westbrook, ME 04092-4326
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.
-
John O Winship & Co Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
16 · Westbrook, MECosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.