Route 202 Self Storage
10,030 RSF | 39-Unit Winthrop, ME Self Storage Offering
Marketing description
Route 202 Self Storage is strategically located at 89 Peck Farm Road in Winthrop, Maine. This property is positioned directly on the heavily trafficked Route 202 corridor, one of central Maine’s primary arterial highways connecting Augusta to the greater Lewiston/Auburn metro area. With a daily traffic count of 14,410 vehicles (Maine DOT), the property enjoys exceptional visibility and accessibility for drive-up customers. The surrounding Winthrop trade area is a growing, year-round community with strong seasonal demand driven by lake recreation on nearby Annabessacook, Maranacook, and Cobbosseecontee lakes generating robust demand for boat, RV, and recreational equipment storage.
The property comprises four buildings totaling 8,830+/- SF on 1.9+/- commercially zoned acres, including a 1-acre lot with potential for expansion, subject to town approval. Built in 1996 the site features a paved private lot with 338+/- ft of frontage on Route 202. Occupancy includes a mix of self-storage units, outdoor parking, warehouse space, and a pole barn for covered storage, further diversifying the income stream.
Investment highlights
- Undersupplied Market – 1.63 SF of self-storage per capita within a 5-mile radius
- Rent Growth Opportunity – Current 10x10 rates at $80/month, approximately 36% below nearest competitor
- Boat & RV Storage Upside – Existing 2,400 SF pole barn, office/warehouse space, and an additional 1-acre expansion parcel provide significant potential for boat and RV storage conversion and future expansion
- Additional Revenue Streams – Occupied warehouse/office building providing immediate day-one cash flow
- High-Visibility Location – Route 202 frontage with exposure to approximately 14,410 vehicles per day
- Strong Signage & Access – Excellent visibility and accessibility along a major commuter corridor, electric signage
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