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    457 Old Lewiston Rd Winthrop, ME 04364

    Sponsored
    For Sale
    $1,290,000

    COMMERCIAL - Winthrop, ME

    Property size:
    13,718 SF
    Lot size:
    5.30 Acres
    Days on Market:
    20
    Last Refresh:
    Jan 7 at 2:06 am

    Property Features for 457 Old Lewiston Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Mixed
    Rooms
    Basement
    Parking features
    Offsite
    Interior features
    Storage
    Basement
    Full, Unfinished
    Size
    13,718 SF
    Lot size
    5.30 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Baseboard, Hot Water(Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1968
    Flooring type
    Vinyl, Laminate, Wood
    Building materials
    Wood Siding, Vinyl Siding, Other Exterior, Wood Frame
    Roof type
    Shingle
    Additional Structures
    Storage

    Sprague and Curtis Real Estate (207) 623-1123 [email protected]

    Listing agent James Pepin (207) 623-1123

    Listing date Dec 19, 2025

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Use Building on 5.3 Acres

    This multi-use building in Winthrop, Maine, presents an investment opportunity with redevelopment potential. The property, formerly a 52-bed assisted living and rehabilitation center, is situated on a 5.3-acre lot with road frontage, ample parking, and expansion possibilities. The surrounding area is quiet and somewhat rural, with proximity to both Augusta and Lewiston. The building features over 13,000 square feet of area, with additional space available in the basement. Inside, there are individual rooms and baths, an entry/reception area, nurses' stations, and multiple offices. A spacious, sunny two-room dining area includes seating capacity and two fireplaces, and there is also a beauty salon. The two-level building has an elevator that also accesses the basement. It is equipped with BBHW heat, some heat pumps, and vinyl windows. The full basement offers usable space with a laundry, kitchen, staff offices, and storage. Additional features include a propane generator system, a sprinkler system, city water and sewer, and ramps. There are approximately 60 parking spaces in two parking areas, one in front and one in back of the building. A section of the building was flooded and has been remediated. The property is a candidate for redevelopment into an apartment building, a living facility, or other uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Teresa E. ... Doctor Heritage Residential Care Home Health Care Service

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winthrop
    County
    Kennebec
    State
    Maine
    Longitude
    -70.0033804
    Latitude
    44.2880526

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    FAQs

    What type of property is this?
    Rehabilitation center - Large Winthrop building with redevelopment potential on a spacious lot.
    Where is this rehabilitation center located?
    The property is located at 457 Old Lewiston Rd Winthrop, ME.
    What is the asking price?
    The asking price for this property is $1,290,000.
    What are key features of this property?
    This property features: - Large multi-use building with over 13,000 SF on 5.3 acres, suitable for redevelopment.; - Ample parking (60+ spaces) with two parking areas and good road frontage.; - Full basement with usable space including laundry, kitchen, staff offices, and storage.
    (207) 242-3015
    Request Owner's contact information
    457 Old Lewiston Rd Winthrop, ME 04364
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    Winthrop, ME 04364
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    457 Old Lewiston Rd Winthrop, ME 04364
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