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    50 Lisbon St Lewiston, ME 04240

    Sponsored
    For Sale
    $229,995

    Historic building, 8700 sq ft, endless potential

    Property size:
    8,700 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property at 50 Lisbon Street in Lewiston, Maine presents a unique investment opportunity. Spanning 8,700 square feet on a 0.06-acre lot, this building offers a blend of historic charm and modern functionality. The ground floor is ideally suited for a food service establishment, boasting a fully equipped kitchen featuring a three-bay sink and a Blodgett oven. Recent upgrades include a complete electrical overhaul, new lighting fixtures, and a meticulous restoration of the original hardwood floors and Art Deco windows, preserving the building's historical character. The upper two floors, currently unfinished, provide a blank canvas for creative development. Transform them into modern office spaces, stylish apartments, or a combination of both, catering to the growing demand in Lewiston's vibrant downtown. Located in a historic district, this property benefits from city incentives designed to support renovations of older buildings, making this an even more attractive proposition. A new rubber roof was installed in 2021, ensuring long-term structural integrity. Surrounded by a thriving community of restaurants and businesses, this property offers unparalleled potential for growth and return on investment. Priced at $229,995, this is an exceptional opportunity to own a piece of Lewiston's rich history and contribute to its exciting future.

    Property Features for 50 Lisbon St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,700 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1860
    Property Profile Location Intelligence

    Current Use by Public Records

    Sherman Oaks Californian Restaurant Tracy Jean's Coffee ... Food And Beverage Consultant Sherman Oaks California ... Sandwich Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.21745
    Latitude
    44.09787

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    FAQs

    What type of property is this?
    Mixed-use property - Historic building, 8700 sq ft, endless potential
    Where is this mixed-use property located?
    The property is located at 50 Lisbon St Lewiston, ME.
    What is the asking price?
    The asking price for this property is $229,995.
    (207) 317-1338
    Request Owner's contact information
    50 Lisbon St 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
    50 Lisbon St Lewiston, ME 04240
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