Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two-Story Bank Building Title is generated by Realmo AI

    34 Bates Street, Lewiston, ME 04240

    View on Map
    Claim this Listing
    New
    For Sale
    $399,900

    COMMERCIAL - Lewiston, ME

    Property size:
    3,038 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $131/SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 11:06 pm

    Property Features for 34 Bates Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CV
    Rooms
    Basement
    Basement
    Finished, Full
    Standard status
    Active
    Size
    3,038 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Heating system
    Hot Water(Heating), Oil, Baseboard, Zoned
    Water source
    Public

    Building Details

    Year built
    1975
    Flooring type
    Hardwood, Laminate, Tile, Carpet
    Building materials
    Wood Frame, Brick
    Roof type
    Fiberglass

    We can help!

    Listing Contact
    Jon Mercier
    Jon Mercier

    Listing agent Jon Mercier

    Listing office Maine Source Realty 368 Minot Avenue, Poland, ME

    Listing date Jun 4, 2026

    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.

    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
    • Built in 1975 with wood frame and brick construction
    • Public water service; roof is fiberglass
    • Interior flooring includes hardwood, laminate, tile, and carpet

    Overview

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Great Falls Federal ... Credit Union

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.2168152
    Latitude
    44.1010941

    Nearby Similar for Sale

    • $595,000
      14,310 SF

      Lewiston Commercial Investment Opportunity

      Downtown Lewiston commercial property with steady cash flow.
      177-183 Main Street, Lewiston, ME 04240
      View Details
    • $549,000
      15,846 SF

      Former Police Station Commercial Space

      Versatile 15,000+ sq ft commercial space in historic building.
      85 Park Street, Lewiston, ME 04240
      View Details
    • $125,000
      1,428 SF

      Versatile Commercial Garage with Parking

      For sale commercial garage with paved parking in a flexible CV zoning district supporting a wide range of business uses.
      24 Bates Street, Lewiston, ME 04240
      View Details
    • $699,900
      448 SF

      High-Visibility Commercial Property For Sale

      Commercial property with office, garage, and expansion potential.
      1225 Sabattus Street, Lewiston, ME 04240
      View Details
    • $850,000
      7,920 SF

      Turnkey 8-Unit Multifamily Building

      Updated 8-unit multifamily offers strong tenant appeal through a broad unit mix and off-street parking.
      151 Horton Street, Lewiston, ME 04240
      View Details
    • $225,000
      1,720 SF

      Lewiston Commercial Building For Sale

      Retail/service building on 0.13-acre lot with high traffic count.
      957 Sabattus Street, Lewiston, ME 04240
      View Details
    • $619,000
      5,720 SF

      Well-Maintained Four-Unit Building

      Four-unit building on a double lot with parking and upgrades.
      7 Shawmut Street, Lewiston, ME 04240
      View Details
    • $585,000
      7,200 SF

      Professionally Managed Multifamily Building

      For sale multifamily property offered under professional management in Lewiston, with 7,200 sq. ft. building size.
      78 Howard Street, Lewiston, ME 04240
      View Details
    • $799,000
      8,220 SF

      Mixed-Use Property with Commercial Space

      Renovated mixed-use property with residential and commercial units.
      188 Lincoln Street, Lewiston, ME 04240
      View Details
    • $384,900
      2,004 SF

      Well-Maintained Office Building with Potential

      2004 sq ft Lewiston office building with drive-up teller.
      467 Sabattus Street, Lewiston, ME 04240
      View Details
    • $375,000
      2,424 SF

      Lewiston Commercial Space For Sale

      2,424 SF office/retail space on a busy corner.
      513 Sabattus Street, Lewiston, ME 04240
      View Details
    • $1,195,000
      10,644 SF

      Lewiston Multi-Unit Investment Opportunity

      Nine-unit apartment building with recent updates and strong rental income.
      184 Bartlett Street, Lewiston, ME 04240
      View Details

    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
    (207) 333-6001
    We can help!
    Listing Contact
    Jon Mercier
    Jon Mercier
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    34 Bates Street, Lewiston, ME 04240
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!