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    55 Old Lisbon Rd Lewiston, ME 04240

    Sponsored
    For Sale
    $799,000

    70 Acres, Prime Lewiston Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 70-acre parcel at 55 Old Lisbon Road in Lewiston, Maine presents a unique investment opportunity. Boasting approximately 750 feet of road frontage, this expansive property enjoys unparalleled accessibility. Its strategic location offers convenient proximity to downtown Lewiston, the Maine Turnpike, Bates College, and the Thorndike Bird Sanctuary, ensuring high visibility and strong connectivity. The property's zoning as Neighborhood Business District allows for a diverse range of development options, including low-intensity nonresidential uses, mixed-use projects, and multifamily housing. This zoning designation actively encourages walkable and bikeable environments, aligning with current urban planning trends. The unusually large acreage for this area makes it ideal for large-scale projects or a phased development approach. The potential for residential, commercial, or a combination of both, makes this a truly versatile and attractive investment in a highly desirable location. Serious inquiries are encouraged to explore the full potential of this remarkable property and its significant development possibilities. The asking price is $799,000.

    Property Features for 55 Old Lisbon Rd

    General Information

    Property type
    Mixed-use properties
    Lot Size
    3,049,200 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.16259
    Latitude
    44.07474

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    FAQs

    What type of property is this?
    Mixed-use property - 70 Acres, Prime Lewiston Location
    Where is this mixed-use property located?
    The property is located at 55 Old Lisbon Rd Lewiston, ME.
    What is the asking price?
    The asking price for this property is $799,000.
    (207) 344-3300
    Request Owner's contact information
    55 Old Lisbon Rd Lewiston, ME 04240
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    Lewiston, ME 04240
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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
    55 Old Lisbon Rd Lewiston, ME 04240
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