Mixed-Use Convenience Store
199-215 Bartlett Street Lewiston, ME 04240
For Sale
$580,000
Two-building mixed-use property with a convenience store, church, and three residential units plus on-site parking.
Property Size4,346 SF
Price / SF$133.46
Days on Market268
Property Features for 199-215 Bartlett Street
General Information
- Standard status
- Active
- Size
- 4,346 SF
- Property subtype
- Commercial / Mixed Use
Listing Agency:
EXP Realty
(207) 303-4309
Listed By:
Daniel Azer
(207) 303-4309
Source:
Compass
Added: Oct 30, 2025
Changed: Jul 23
Last Checked: Jul 23 at 9:47AM
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 EXP Realty
Investment Insights
Based on property information with market context.
For sale in Lewiston, Maine, this high-visibility mixed-use investment features two separate buildings positioned on a commercial thoroughfare. The first building is occupied by an established convenience store. The second building includes a church alongside three residential units.
The property is presented as well-suited for steady income, with ample on-site parking available for visitors and tenants. It is also described as being moments from a major highway, supporting visibility and convenience for customers and occupants.
Overall, the configuration combines retail and religious/community use with residential units within a single ownership structure.
The property is presented as well-suited for steady income, with ample on-site parking available for visitors and tenants. It is also described as being moments from a major highway, supporting visibility and convenience for customers and occupants.
Overall, the configuration combines retail and religious/community use with residential units within a single ownership structure.
Key Highlights
- Two separate buildings in a mixed‑use setup
- First building operates as a convenience store
- Second building includes a church plus 3 residential units
Financial Insights For Retail
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 | $78.2k | $18.00 |
| − Vacancy | −$13.3k | −$3.06 |
| EGI | $64.9k | $14.94 |
| − OpEx | −$19.5k | −$4.48 |
| NOI | $45.5k | $10.46 |
4,346 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$649.3K
$568.1K – $757.5K
NOI $45,450 @ 7.0% cap · market cap 7.84%
Second Best
Multifamily LT 5
$612.4K
$535.8K – $714.4K
NOI $42,865 @ 7.0% cap · market cap 7.39%
Theoretical Best
Warehouse
$7.72M
$6.75M – $9.01M
NOI $540,318 @ 7.0% cap · market cap 93.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Off Market Nearby
- Goshen Super Market — 179 Lincoln St, Lewiston, ME 04240
- Shaw's — 27 East Ave, Lewiston, ME 04240
- Wards Neighborhood Market — 208 Pine St, Lewiston, ME 04240
- St Mary's Food Pantry — 208 Bates St, Lewiston, ME 04240
FAQs
What type of property is this?
Grocery and convenience store - Two-building mixed-use property with a convenience store, church, and three residential units plus on-site parking.
Where is this grocery and convenience store located?
The property is located at 199-215 Bartlett Street Lewiston, ME.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Two separate buildings in a mixed‑use setup; First building operates as a convenience store; Second building includes a church plus 3 residential units
