10 35 & 37 Avon Street Lewiston, ME 4240
Approved riverfront project with 244 market rate units.
Type:Land
Lot size:
6.00 Acres- Added:
- Mar 4, 2024
- Days on Market:
- 776
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 10 35 & 37 Avon Street
General Information
- Standard status
- Active
- Lot size
- 6.00 Acres
- Property subtype
- Land
Listing agent Douglas Martin License #NH 065638
Listing office KW Commercial
Listing date Mar 4, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial
Overview
Approved Riverfront Development Opportunity
This approved riverfront project offers a development opportunity with full approval for 244 market-rate units. The 6+ acre site features 800 feet of frontage on the Androscoggin River. The location is near St. Mary’s and Central Maine Medical Center, which together provide over 3,000 healthcare positions, as well as Bates College and the City’s Planned Riverfront Revitalization. The site is located minutes from I-95. All necessary approvals and pre-development work have been completed. Tax Increment Financing is available, providing a 63% tax reduction for 20 years. The development includes Building A, a 5-story structure with 120 residential units and 49 ground-level parking spaces, and Building B, a 4-story building with 124 residential units. There are a total of 246 on-site parking spots, 23 garage bays, plus an additional 50 overflow parking spaces. Planned amenities include a fitness center, wellness studio, entertainment areas, and work-from-home areas. The unit mix will include 1-bedroom, junior 1-bedroom, and some 2-bedroom units, with the final mix to be determined by the developer. Lewiston, Maine's second-largest city, is experiencing population growth exceeding the state average.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.2213672
- Latitude
- 44.1043317
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FAQs
What type of property is this?
Commercial land - Approved riverfront project with 244 market rate units.
Where is this commercial land located?
The property is located at 10 35 & 37 Avon Street Lewiston, ME.
What are key features of this property?
This property features: Full approval for a **244‑unit market‑rate riverfront development project.**; Secure a **63% tax reduction for 20 years** via Tax Increment Financing.; Prime location with **800 feet of Androscoggin River frontage.**
