33 Elmwood AveWestbrook, ME 04092

  • Other commercial real estate
  • 25,255 SF
For Lease
$12/SF/YR View listing

Property Details for 33 Elmwood Ave

Year built
1910
Construction
STEEL FRAME
Lot size
6.20 AC
Property size (Sq ft)
25,255 SF
Zone code
18
Property type
Other commercial real estate
APN
WSBR M:059 L:036
APU
WSBRM059L036

Description

This exceptional 13,725 square foot retail property located at 33 Elmwood Avenue in Westbrook, Maine, presents a unique investment opportunity. Situated on a generous 6.2-acre lot, this single-story building, constructed in 1910, offers versatile space ideal for a variety of retail uses. The zoning, designated as HS - Highway Services, allows for a range of businesses, including but not limited to daycare centers, hair salons, nail salons, and other storefront operations. The property features circuit breaker power and is currently configured for multiple tenants. The building's substantial size and ample lot provide significant potential for expansion or redevelopment. The property's address is 33 Elmwood Ave, Westbrook, ME 04092. Its convenient location and substantial size make it an attractive option for both established businesses and new ventures seeking a prominent presence in the Westbrook market. The Assessor's Parcel Number (APN) is Map 59, Lot 36. This is a rare opportunity to acquire a well-located, sizable retail property with significant upside potential. The property's history and current configuration offer a blend of established character and adaptable space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,779,234
    Hospitality
    $4,377,752
    Educational
    $3,642,239
    Medical
    $3,767,501
    Retail
    $5,665,704
33 Elmwood Ave, Westbrook, Maine

Location Insight

City
Westbrook
County
Cumberland
State
Maine
Latitude
43.7158
Longitude
-70.3336
CBSA code
38860
CBSA name
PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$35,837
$878,000
$1,270,500
$2,148,500
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