513 Sabattus Street Lewiston, ME 04240
Office and retail building includes seven offices, reception and waiting areas, and a paved parking lot with two entrances.
- Added:
- Jan 15, 2026
- Days on Market:
- 178
- Last Refresh:
- Jul 10 at 2:54 am
Property Features for 513 Sabattus Street
General Information
- Standard status
- Active
- Size
- 2,424 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1914
Listing office Fontaine Family - The Real Estate Leader (207) 576-6524
Listing date Jan 15, 2026
Source Brendafontaine
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 Fontaine Family - The Real Estate Leader
Investment Insights
Based on property information with market context.
The building is located on one of Lewiston’s busiest corners, with 22,460+ vehicles passing by. Public remarks also note a bus line and proximity to shopping.
A large digital LED sign is included for customer messaging and marketing, supporting visibility for a range of professional and service-oriented uses.
Key Highlights
- 2,400 SF office/retail building built in 1914
- Seven offices plus reception area and waiting room
- Includes two bathrooms
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 | $43.6k | $18.00 |
| − Vacancy | −$7.4k | −$3.06 |
| EGI | $36.2k | $14.94 |
| − OpEx | −$10.9k | −$4.48 |
| NOI | $25.4k | $10.46 |
