162 Main StWinthrop, ME 04364

Property Details for 162 Main St

Year built

2003

Construction

FRAME

Lot size

0.18 AC

Property size (Sq ft)

2,128 SF

Zone code

V

Property type

Showrooms

APN

WINP M:031 L:098

APU

WINPM031L098

Description

This exceptional 2,128 square foot office building, situated on a 0.18-acre lot at 162 Main Street in the heart of Winthrop, ME, presents a unique investment opportunity. The property boasts three bedrooms and two and a half bathrooms, making it ideal for a variety of uses, from a professional office to a mixed-use space. Recent upgrades significantly enhance its value and efficiency. A new sewer line and water supply have been installed, ensuring reliable infrastructure. New flooring throughout adds to the property's modern appeal. The building's energy efficiency is a key selling point, featuring propane heating, resulting in lower operating costs. The spacious rooms offer ample flexibility for layout and design to suit individual business needs. Its central downtown location provides excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in Winthrop. The combination of modern amenities, efficient design, and prime location makes this property a compelling investment opportunity in a thriving Maine community. This is a rare chance to acquire a well-maintained, updated building ready for immediate occupancy. The asking price of $350,000 reflects the property's exceptional value and potential.

• CAP approach

  CAP return

  Valuation

  6%

  $517,178

  6.5%

  $477,395

  7%

  $443,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $700,672

  Geo Method

  $700,672

• Alternative Use

  Use

  Valuation

  Residential

  $402,701

  Hospitality

  $368,872

  Educational

  $306,897

  Medical

  $317,452

  Retail

  $477,395

Location Insight

City

Winthrop

County

Kennebec

State

Maine

Latitude

44.3073

Longitude

-69.9701

CBSA code

12300

CBSA name

AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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