Mixed-Use Property with Commercial
For Sale
$600,000
1294 Sabattus Street, Lewiston, ME 04240
Commercial Sale, Lewiston, ME
Property Size1,960 SF
Lot Size1.51 Acres
Price / SF$306.12
Days on Market117
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
Full, Unfinished, Sump Pump
Lot features
Public Transport Access, Near Turnpike/ Interstate, Bus Line, Near Shopping, Suburban
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), Hot Water(Heating), Oil, Baseboard, 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 · Prudential Real Estate
(207) 942-8261
Listed By:
Jeanne Martin
(207) 240-0865
Added: Jul 9
Changed: Oct 27
Last Checked: Nov 2 at 1:06PM
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.
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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
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
Apartment 5plus
$262.4K
$229.6K – $306.1K
NOI $18,367 @ 7.0% cap · market cap 3.06%
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.
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Current Use
Lease Details
2
Service bays
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 3-bedroom home with open kitchen/dining, plus a commercial garage with two large bays on 1.51 acres.
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: 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
