Mixed-Use Building with Commercial
238 Sabattus Street, Lewiston, ME 04240
New
MULTI_FAMILY - Colonial, Saltbox - Lewiston, ME
Property size:
2,900 SFLot size:
0.11 AcresPrice / SF:
$181/SF- Added:
- Jun 19, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 21 at 7:06 pm
Property Features for 238 Sabattus Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- DR
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bathroom 3, Bathroom 2
- Security features
- Security System
- Patio and Porch features
- Porch, Deck
- Pets allowed
- No
- Interior features
- Other Amenities, In-Law Apartment, 1st Floor Bedroom, Bathtub, Pantry, Shower, Storage
- Basement
- Full, Daylight, Unfinished
- Standard status
- Active
- Size
- 2,900 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3888
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating), Oil
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 3
- Flooring type
- Hardwood, Vinyl, Tile - Ceramic
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Flat
- Architectural style
- Colonial, Saltbox
- Additional Structures
- Storage, Other
Listing agent Megan Fortin (207) 784-3800
Listing office Fontaine Family-The Real Estate Leader 336 Center Street, Auburn, ME (207) 784-3800
Listing date Jun 19, 2026
MLS# 1666955
Listing URL
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.
HighLights
- Mixed‑use property with two residential units plus one commercial space
- Fully furnished interiors with remodeled residential spaces, including an in‑law apartment
- Built in 1930 with Saltbox/Colonial architecture; vinyl siding and wood‑frame construction
- Heating includes natural gas, hot water heat, and oil; public water and public sewer
- Flooring includes hardwood, vinyl, and ceramic tile; flat roof with deck and porch
- Interior features include storage, pantry, bathtub, and shower; includes a storage shed
Overview
This mixed-use property includes two updated residential units plus one versatile commercial space, delivered turnkey and fully furnished. The interiors have been thoughtfully remodeled to support a range of living and business uses. One residential unit features a distinctive Alice in Wonderland-themed layout, suited to guests looking for short- to mid-term stays. Interior access between the spaces is described as flexible, creating options for future configurations without major renovations. A storage shed is also included, adding practical support for day-to-day operations.
Located at 238 Sabattus Street in Lewiston, the property is presented as being near Bates College and two major healthcare facilities. The commercial component is marketed for its visibility in a high-traffic location, with the ability to accommodate a variety of business concepts, including retail, professional offices, and studio space.
For tenants, buyers, and owner-occupants, the combination of residential income and an on-site commercial option supports multiple operating strategies, including living on-site while leasing additional units or operating the business from the commercial space. With a ready-to-use, furnished setup and remodel-ready interiors, the property is positioned for a seamless transition to a next owner looking to combine residential and commercial uses in a single asset.
Located at 238 Sabattus Street in Lewiston, the property is presented as being near Bates College and two major healthcare facilities. The commercial component is marketed for its visibility in a high-traffic location, with the ability to accommodate a variety of business concepts, including retail, professional offices, and studio space.
For tenants, buyers, and owner-occupants, the combination of residential income and an on-site commercial option supports multiple operating strategies, including living on-site while leasing additional units or operating the business from the commercial space. With a ready-to-use, furnished setup and remodel-ready interiors, the property is positioned for a seamless transition to a next owner looking to combine residential and commercial uses in a single asset.
Local Financial Insights For Office B
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 | $71.7k | $24.72 |
| − Vacancy | −$9.0k | −$3.11 |
| EGI | $62.7k | $21.61 |
| − OpEx | −$15.7k | −$5.40 |
| NOI | $47.0k | $16.20 |
2,900 SF · lease $24.72/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$671.3K
$587.4K – $783.2K
NOI $46,991 @ 7.0% cap · market cap 8.95%
Second Best
Mixed Use
$488.8K
$427.7K – $570.3K
NOI $34,217 @ 7.0% cap · market cap 6.52%
Theoretical Best
Warehouse
$5.15M
$4.51M – $6.01M
NOI $360,543 @ 7.0% cap · market cap 68.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.20336
- Latitude
- 44.100568
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Turnkey mixed-use building with two remodeled residential units and a versatile commercial space, offered fully furnished.
Where is this mixed-use property located?
The property is located at 238 Sabattus Street Lewiston, ME.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Mixed‑use property with two residential units plus one commercial space; Fully furnished interiors with remodeled residential spaces, including an in‑law apartment; Built in 1930 with Saltbox/Colonial architecture; vinyl siding and wood‑frame construction
