Mixed-Use Property with
For Sale
$600,000
1294 Sabattus Street, Lewiston, ME 04240
A three-bedroom residence is paired with a two-bay commercial garage on a 1.51-acre parcel.
Property Size1,960 SF
Lot Size1.51 Acres
Price / SF$306.12
Days on Market203
Property Features for 1294 Sabattus Street
General Information
Standard status
Active
Size
1,960 SF
Lot size
1.51 Acres
Property subtype
Commercial
Zoning
HB
Taxes and HOA fees
Annual Taxes
$6,231
Amenities
above ground pool
hot tub
large entertainment area
Storage
Building Details
Building Size
1,960 SF
Year Built
1961
Stories
1
Listing Agency:
Berkshire Hathaway HomeServices Northeast Real Estate
(207) 942-8261
Listed By:
Jeanne Martin
(207) 240-0865
Source:
Amerorealty
Added: Apr 13
Changed: Oct 31
Last Checked: Oct 31 at 2:36PM
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 Berkshire Hathaway HomeServices Northeast Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1961, this mixed-use property includes a 1,960-square-foot, three-bedroom home with one full bath and one half bath. The residence has an open kitchen and dining area, a full basement, and a carport. A commercial garage with two large bays provides additional space on the 1.51-acre parcel.
The home’s backyard is landscaped and fenced, with an above-ground pool, hot tub, and entertainment area. The property is zoned HB and located at 1294 Sabattus Street in Lewiston, Maine.
The home’s backyard is landscaped and fenced, with an above-ground pool, hot tub, and entertainment area. The property is zoned HB and located at 1294 Sabattus Street in Lewiston, Maine.
Key Highlights
- 1.51‑acre mixed‑use property zoned HB
- 1,960‑square‑foot home built in 1961
- Three bedrooms, one full bath, and one half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,126
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,520
$462.5K
Cap Rate 7%
$330,371
$330.4K
Cap Rate 9%
$256,956
$257.0K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$42.3K $21.60/SF
− Vacancy
−$5.3K −$2.72/SF
EGI
$37.0K $18.88/SF
− OpEx
−$13.9K −$7.08/SF
NOI
$23.1K $11.80/SF
Area
Androscoggin County, ME
Vacancy
12.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,520
Cap Rate 7%
$330,371
Cap Rate 9%
$256,956
Alternative Uses
Best Use
Mixed Use
$330.4K
$289.1K – $385.4K
NOI $23,126 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.48M
$3.05M – $4.06M
NOI $243,677 @ 7.0% cap · market cap 40.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 04240, ME
37,121
Population
16,852
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
34.1 sq mi
ZIP Area
1,089
Density / Sq Mi
$56,558
Median Household Income
$36,734
Median Earnings
$954
Median Rent
$214,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Mixed-use property - A three-bedroom residence is paired with a two-bay commercial garage on a 1.51-acre parcel.
Where is this mixed-use property located?
The property is located at 1294 Sabattus Street Lewiston, ME.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1.51‑acre mixed‑use property zoned HB; 1,960‑square‑foot home built in 1961; Three bedrooms, one full bath, and one half bath
