Assisted Living Facility with Private Basement
For Sale
$549,900
2 Teakwood Knolls, Lewiston, ME 04240
COMMERCIAL - Lewiston, ME
Property Size5,776 SF
Lot Size0.42 Acres
Price / SF$95.20
Days on Market9
Property Features for 2 Teakwood Knolls
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Suburban Residential
Rooms
Basement
Parking features
Off Street
Basement
Full, Finished, Walk-Out Access, Daylight
Lot features
Near Turnpike/ Interstate, Near Shopping
Standard status
Active
Size
5,776 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10893
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Oil, Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
1990
Flooring type
Vinyl, Concrete, Laminate, Carpet, Tile
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Amy Landry
(207) 577-1767
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 6 at 6:06AM
MLS# 1673918
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.
Assisted living/group home at 2 Teakwood Knolls, Lewiston, ME 04240, built in 1990 and set on a 0.42-acre lot. The 5-bedroom home totals 5,776 SF and includes a functional layout with multiple entrances designed for flexible access. Interior finishes include carpet, laminate, vinyl, tile, and concrete. The basement is finished and includes a half bath and a private entrance, offering versatility for administrative offices, meeting space, or other professional uses, subject to local zoning and municipal approvals.
The property is served by public water and public sewer. Heating includes oil, forced air, and baseboard, with central air cooling. Additional systems include a sprinkler system and an on-demand generator, all described as exceptionally maintained. Off-street parking is provided for staff, visitors, and service vehicles.
Set in a residential neighborhood, the home is described as minutes from shopping, restaurants, medical facilities, and other in-town amenities. Continued operation as a group home is described as subject to applicable licensing and approvals.
The property is served by public water and public sewer. Heating includes oil, forced air, and baseboard, with central air cooling. Additional systems include a sprinkler system and an on-demand generator, all described as exceptionally maintained. Off-street parking is provided for staff, visitors, and service vehicles.
Set in a residential neighborhood, the home is described as minutes from shopping, restaurants, medical facilities, and other in-town amenities. Continued operation as a group home is described as subject to applicable licensing and approvals.
Key Highlights
- 5‑bedroom assisted living/group home with multiple entrances
- 0.42‑acre lot
- 5,776 SF home built in 1990
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Balanced
Demand for This Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Suburban Residential zoned assisted living/group home with central air, off-street parking, and a finished basement with private entrance.
Where is this assisted living facility located?
The property is located at 2 Teakwood Knolls Lewiston, ME.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 5‑bedroom assisted living/group home with multiple entrances; 0.42‑acre lot; 5,776 SF home built in 1990
