Mixed-Use Property with Commercial
1294 Sabattus Street Lewiston, ME 04240
1294 Sabattus Street, Lewiston, ME, 04240
$600,000
For Sale
$600,000
COMMERCIAL - Lewiston, ME
Property Size1,960 SF
Lot Size1.51 Acres
Price / SF$306.12
Days on Market13
Property Features for 1294 Sabattus Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HB
- Rooms
- Basement
- Parking features
- On Street
- Interior features
- Storage
- Basement
- Unfinished, Full, Sump Pump
- Standard status
- Active
- Size
- 1,960 SF
- Lot size
- 1.51 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6231
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard, Hot Water(Heating), Oil, Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1961
- Flooring type
- Laminate, Tile, Linoleum
- Building materials
- Steel Frame, Wood Frame, Vinyl Siding, Wood Siding
- Roof type
- Metal
- Additional Structures
- Storage
Listing Agency
Berkshire Hathaway HomeServices Northeast Real Estate
(207) 784-0159
473 Center Street, Bangor, ME
Listed by
Jeanne Martin
(207) 784-0159
Added: Jul 9 Checked: Jul 21 at 3:06 am
MLS# 1657586
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines a residential home with commercial garage space. The home features three bedrooms and 1.5 bathrooms with an open-concept kitchen and dining area, along with a full basement. Outdoors, there is a landscaped backyard with an above-ground pool, a hot tub, and a large fenced entertainment area for privacy. The property also includes a carport and one commercial garage with two large bays.
Located at 1294 Sabattus Street in Lewiston, Maine, the site is described as being in a Highway Business zone (HB).
Set on a 1.51-acre parcel, the layout supports both residential living and on-site storage or service use tied to the two-bay commercial garage.
Located at 1294 Sabattus Street in Lewiston, Maine, the site is described as being in a Highway Business zone (HB).
Set on a 1.51-acre parcel, the layout supports both residential living and on-site storage or service use tied to the two-bay commercial garage.
Key Highlights
- Mixed‑use property with a 3‑bedroom home plus commercial garages in a Highway Business zone
- 1.51‑acre parcel with landscaped backyard, fenced entertainment area, above‑ground pool, and hot tub
- Home features open‑concept kitchen and dining area, plus 1.5 bathrooms and full basement
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.9k | $17.28 |
| − Vacancy | −$474 | −$0.24 |
| EGI | $33.4k | $17.04 |
| − OpEx | −$15.0k | −$7.67 |
| NOI | $18.4k | $9.37 |
1,960 SF · lease $17.28/SF/yr · vacancy 1.40% · expense 45.00%
Alternative Uses
Best Use
Warehouse
$3.48M
$3.05M – $4.06M
NOI $243,677 @ 7.0% cap · market cap 40.61%
Second Best
Apartment 5plus
$262.4K
$229.6K – $306.1K
NOI $18,367 @ 7.0% cap · market cap 3.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - 3-bedroom home with open kitchen/dining, plus a commercial garage with two large bays on 1.51 acres.
Where is this single family 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: Mixed‑use property with a 3‑bedroom home plus commercial garages in a Highway Business zone; 1.51‑acre parcel with landscaped backyard, fenced entertainment area, above‑ground pool, and hot tub; Home features open‑concept kitchen and dining area, plus 1.5 bathrooms and full basement
