Property summary
The property is a multi-use, two-level institutional building in Winthrop, Maine, formerly operated as a 52-bed assisted living and rehabilitation center. It sits on a 5.3-acre lot with road frontage, two on-site parking areas (about 60 spaces total), and ramps for accessibility. The building contains more than 13,000 square feet above grade, plus additional usable space in the full basement, which includes a laundry area, kitchen, staff offices, and storage. Interior features include individual rooms with attached baths, an entry/reception area, nurses’ stations, multiple offices, and a large two-room dining area with seating capacity and two fireplaces, as well as a beauty salon. The building is served by an elevator connecting the two levels and providing access to the basement. Building systems include BBHW heat, some heat pumps, and vinyl windows, along with a propane generator system and a sprinkler system. Utilities include city water and sewer. A portion of the building experienced flooding and was remediated. The site and structure are configured to support potential redevelopment into residential apartments, a living facility, or other compatible uses.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Home Health Care Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
RU · Winthrop, MEZoning
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Zoning designation
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