About this home
Rare opportunity to purchase a prominent corner of Main ST in Westbrook's highly desirable downtown district. 863 Main ST is a 10,481 SF, multi-tenanted retail property, currently subdivided into five distinct spaces. The restaurant space was just leased with a 5 year deal and co-tenants Blaze's Burgers was just voted #1 Best Burger in Maine... again! Substantial upside in the remaining vacant spaces with great future potential to develop vertically into residential units or hospitality.
Listing last checked: Listing updated:
Listed by Listing Agent · Vitalius Real Estate Group, LLC · MLS #1664864
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Details at a glance
Interior2 property facts
- Heating
- Gas Natural
- Flooring
- Tile, Vinyl, Wood
Building3 property facts
- Style
- General Commercial
- Year built
- 1900
- Roof
- Flat
Land & utilities4 property facts
- Lot size
- 0.22 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- CCD
Financial2 property facts
- Annual taxes
- $15,393
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $1,680,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$9,778 / monthAdjust
- Principal & interest
- $8,495
- Property tax
- $1,283
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $15,393. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 863 Main Street
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Request a tour of 863 Main Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
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