Mixed-Use Property with
For Sale
$309,900
222 Lisbon Street, Lisbon, ME 04250
A residential unit occupies the upper floor above first-floor restaurant and laundromat infrastructure.
Property Size2,095 SF
Price / SF$147.92
Days on Market1039
Property Features for 222 Lisbon Street
General Information
Standard status
Active
Size
2,095 SF
Property subtype
Commercial
Zoning
Village District
Taxes and HOA fees
Annual Taxes
$3,123
Building Details
Building Size
2,095 SF
Year Built
1900
Stories
2
Listing Agency:
Meservier & Associates
(207) 784-2525
Listed By:
Anthony Poulin
(207) 212-1746
Source:
Patryfamilyrealty
Added: Dec 28, 2023
Changed: Oct 31
Last Checked: Oct 31 at 3:21AM
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 Meservier & Associates
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Investment Insights
Based on property information with market context.
This two-level mixed-use property combines a ground-floor commercial setup with a residential unit upstairs. The first floor is configured for a Chinese restaurant and laundromat, while the second floor is dedicated to residential use. The building dates to 1900 and is zoned Village District.
Located at 222 Lisbon Street in Lisbon, Maine, the property includes parking. The arrangement accommodates commercial space below and a separate residential component above.
Located at 222 Lisbon Street in Lisbon, Maine, the property includes parking. The arrangement accommodates commercial space below and a separate residential component above.
Key Highlights
- Ground floor configured for a Chinese restaurant and laundromat
- Second‑floor residential unit
- Zoned Village District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,719
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,380
$494.4K
Cap Rate 7%
$353,129
$353.1K
Cap Rate 9%
$274,656
$274.7K
Market Conditions
NOI Build-Up for 2,095 SF
Gross rent
$45.3K $21.60/SF
− Vacancy
−$5.7K −$2.72/SF
EGI
$39.6K $18.88/SF
− OpEx
−$14.8K −$7.08/SF
NOI
$24.7K $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%
$494,380
Cap Rate 7%
$353,129
Cap Rate 9%
$274,656
Alternative Uses
Best Use
Mixed Use
$353.1K
$309.0K – $412.0K
NOI $24,719 @ 7.0% cap · market cap 7.98%
Second Best
Specialty Retail
$241.5K
$211.3K – $281.7K
NOI $16,902 @ 7.0% cap · market cap 5.45%
Theoretical Best
Warehouse
$3.72M
$3.26M – $4.34M
NOI $260,461 @ 7.0% cap · market cap 84.05%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Dining 7%
Dollar General
Shops & Services
6,619 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
1,284 visits/mo
0.3 miles
Angelo's Pizza
Dining
591 visits/mo
0.2 miles
Demographics for 04250, ME
4,813
Population
2,038
Households
2.4
Avg Household Size
46
Median Age
21%
College-Educated
95%
High-School Grad
11.7 sq mi
ZIP Area
411
Density / Sq Mi
$71,903
Median Household Income
$49,091
Median Earnings
$854
Median Rent
$225,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A residential unit occupies the upper floor above first-floor restaurant and laundromat infrastructure.
Where is this mixed-use property located?
The property is located at 222 Lisbon Street Lisbon, ME.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Ground floor configured for a Chinese restaurant and laundromat; Second‑floor residential unit; Zoned Village District
