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    297-311 Main St Lewiston, ME 04240

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    For Sale
    $1,795,000

    Redevelopment opportunity near Central Maine Medical Center.

    Property size:
    10,692 SF
    Lot size:
    1.43 Acres

    Property Features for 297-311 Main St

    General Information

    Size
    10,692 SF
    Lot size
    1.43 Acres

    Source: The Boulos Company Agent Christopher Paszyc, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Walgreens Retail Opportunity

    This is a 10,692 square foot property, formerly a Walgreens, situated on a 1.43 acre lot. The building features a 7,200 square foot main level and a 3,492 square foot lower level. The property is located directly across the street from Central Maine Medical Center. Traffic counts in the area exceed 17,000 vehicles per day. The property is ideal for redevelopment as a medical, office, or retail space.
    Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

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

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

    Similar Places Nearby

    Bedard Pharmacy, Thibault Lori, Walgreens Pharmacy, Bedard Pharmacy Inc. Lewiston, Steven Royer

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.2142111
    Latitude
    44.1008337

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    FAQs

    What type of property is this?
    Drug store - Redevelopment opportunity near Central Maine Medical Center.
    Where is this drug store located?
    The property is located at 297-311 Main St Lewiston, ME.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: - Directly across the street from Central Maine Medical Center; - High traffic counts (17,000+ vehicles per day); - Ideal for redevelopment (medical, office, or retail)
    (207) 939-4147
    Request Owner's contact information
    297-311 Main 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
    297-311 Main St Lewiston, ME 04240
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