Two-Story Bank
34 Bates Street Lewiston, ME 04240
34 Bates Street, Lewiston, ME, 04240
$399,900
For Sale
$399,900
COMMERCIAL - Lewiston, ME
Property Size3,038 SF
Lot Size0.20 Acres
Price / SF$131.63
Days on Market46
Property Features for 34 Bates Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CV
- Rooms
- Basement
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,038 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8171
Utilities
- Heating system
- Hot Water(Heating), Oil, Baseboard, Zoned
- Water source
- Public
Building Details
- Year built
- 1975
- Flooring type
- Laminate, Carpet, Hardwood, Tile
- Building materials
- Wood Frame, Brick
- Roof type
- Fiberglass
Listing Agency
Maine Source Realty
(207) 333-6001
368 Minot Avenue, Poland, ME
Listed by
Jon Mercier
(207) 333-6001
Added: Jun 5 Checked: Jul 20 at 3:06 am
MLS# 1665453
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.
This former bank building at 34 Bates Street offers finished space across two floors, approximately 1,519 square feet per level. The configuration supports flexible commercial uses, with an existing layout that can work for professional office space or be adapted for retail and other compatible concepts. The property is situated on a 0.2-acre parcel and includes on-site parking.
In addition, the offering includes a separate lot at 38 Bates Street, providing extra space that may be useful for parking, storage, or other site needs depending on an operator’s plans. The property is located within Lewiston’s Centreville (CV) zoning district, where the listed allowed uses include retail, office, restaurant, personal services, fitness, entertainment, light industrial, and more.
For tenants, buyers, and owners, the key advantage is the building’s ready-to-occupy, two-floor footprint combined with the additional land for parking or operational flexibility. The Centreville zoning also supports a broad range of commercial uses, making the asset a practical option for an owner-user seeking an adaptable property or for an investor evaluating a potential repositioning based on the existing building form.
In addition, the offering includes a separate lot at 38 Bates Street, providing extra space that may be useful for parking, storage, or other site needs depending on an operator’s plans. The property is located within Lewiston’s Centreville (CV) zoning district, where the listed allowed uses include retail, office, restaurant, personal services, fitness, entertainment, light industrial, and more.
For tenants, buyers, and owners, the key advantage is the building’s ready-to-occupy, two-floor footprint combined with the additional land for parking or operational flexibility. The Centreville zoning also supports a broad range of commercial uses, making the asset a practical option for an owner-user seeking an adaptable property or for an investor evaluating a potential repositioning based on the existing building form.
Key Highlights
- Former bank building at 34 Bates Street with approx. 3,038± sq ft finished space across two floors (1,519± sq ft each)
- Centreville (CV) district flexible zoning allows uses including retail, office, restaurant, personal services, fitness, entertainment, and light industrial
- Includes on‑site parking plus an additional separate lot at 38 Bates Street for parking, storage, or future development
Local 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 | $54.7k | $18.00 |
| − Vacancy | −$9.3k | −$3.06 |
| EGI | $45.4k | $14.94 |
| − OpEx | −$13.6k | −$4.48 |
| NOI | $31.8k | $10.46 |
3,038 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$703.3K
$615.4K – $820.5K
NOI $49,228 @ 7.0% cap · market cap 12.31%
Second Best
Retail
$453.9K
$397.1K – $529.5K
NOI $31,771 @ 7.0% cap · market cap 7.94%
Theoretical Best
Warehouse
$5.40M
$4.72M – $6.30M
NOI $377,700 @ 7.0% cap · market cap 94.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Great Falls Federal ...
Credit Union
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Former bank building with flexible two-floor layout, on-site parking, and an additional separate lot in the Centreville district.
Where is this office building located?
The property is located at 34 Bates Street Lewiston, ME.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Former bank building at 34 Bates Street with approx. 3,038± sq ft finished space across two floors (1,519± sq ft each); Centreville (CV) district flexible zoning allows uses including retail, office, restaurant, personal services, fitness, entertainment, and light industrial; Includes on‑site parking plus an additional separate lot at 38 Bates Street for parking, storage, or future development
