Live-Work Property with
643 Main Street Lewiston, ME 04240
New
For Sale
$350,000
COMMERCIAL - Lewiston, ME
Property Size1,961 SF
Lot Size0.58 Acres
Price / SF$178.48
Days on Market2
Property Features for 643 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Office Residential
- Rooms
- Basement
- Basement
- Walk-Out Access, Unfinished, Full
- Standard status
- Active
- Size
- 1,961 SF
- Lot size
- 0.58 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Other (Heating), Hot Water(Heating), Oil
- Water source
- Public
Building Details
- Year built
- 1925
- Flooring type
- Wood
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
Listing Agency:
Coldwell Banker Realty
(207) 282-5988
Listed By:
Aaron Kollmeyer
(508) 277-5759
Added: Jul 24
Last Checked: Jul 25 at 2:06AM
MLS# 1673389
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 643 Main Street, this two-story live-work property is laid out to support a mix of residential and commercial use. The first floor includes a large open living area that can be adapted to a variety of residential or commercial layouts, and a sunroom overlooks the side parking area. The second floor offers up to four potential bedrooms.
The property also includes a full basement with a garage bay and a half bathroom, providing storage and workspace flexibility. Recent improvements include a new boiler, new roof, new siding, and updated electrical service.
Set on a 0.58-acre lot with approximately 1,961 square feet of property size, the building’s flexible interior configuration, combined with its added basement and garage bay, supports a range of occupancy plans under one roof.
The property also includes a full basement with a garage bay and a half bathroom, providing storage and workspace flexibility. Recent improvements include a new boiler, new roof, new siding, and updated electrical service.
Set on a 0.58-acre lot with approximately 1,961 square feet of property size, the building’s flexible interior configuration, combined with its added basement and garage bay, supports a range of occupancy plans under one roof.
Key Highlights
- Flexible mixed residential/commercial layout with open living space plus up to four potential bedrooms on the second floor
- Second‑floor bedroom potential plus sunroom overlooking the side parking area for added usable space and natural light
- Full basement with garage bay and half bathroom for storage or workshop space
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.5k | $24.72 |
| − Vacancy | −$6.1k | −$3.11 |
| EGI | $42.4k | $21.61 |
| − OpEx | −$10.6k | −$5.40 |
| NOI | $31.8k | $16.20 |
1,961 SF · lease $24.72/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$453.9K
$397.2K – $529.6K
NOI $31,776 @ 7.0% cap · market cap 9.08%
Second Best
Mixed Use
$330.5K
$289.2K – $385.6K
NOI $23,138 @ 7.0% cap · market cap 6.61%
Theoretical Best
Warehouse
$3.48M
$3.05M – $4.06M
NOI $243,802 @ 7.0% cap · market cap 69.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kornerstone Employment
Employment Agency
Affordable Cremation Solution ...
Social Service Agency
FAQs
What type of property is this?
Live-work space - Two-story property on Main Street with adaptable first-floor space, up to four second-floor bedrooms, and a sunroom.
Where is this live-work space located?
The property is located at 643 Main Street Lewiston, ME.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Flexible mixed residential/commercial layout with open living space plus up to four potential bedrooms on the second floor; Second‑floor bedroom potential plus sunroom overlooking the side parking area for added usable space and natural light; Full basement with garage bay and half bathroom for storage or workshop space
