Office Building with Digital LED
513 Sabattus St Lewiston, ME 04240
For Sale
Contact for pricing
Seven-office layout with reception, waiting room, two bathrooms, and paved parking with two entrances on a high-traffic corner.
Property Size2,400 SF
Price / SF$156.25
Days on Market196
Property Features for 513 Sabattus St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
EXECUTIVE_SUITES
Listing Agency:
Fontaine Family - The Real Estate Leader
(207) 576-6524
Listed By:
Clay Larochelle · License #BR913073
(207) 576-6524
Source:
Moodyscre
Added: Jan 15
Changed: Jul 29
Last Checked: Jul 29 at 6:46PM
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.
This office building offers a flexible professional layout with seven offices, including a reception area and a waiting room. The space also includes two bathrooms and is supported by a paved parking lot with two entrances for convenient client access. A large digital LED sign is included for customer messaging and marketing.
Located at 513 Sabattus St in Lewiston, ME, the property sits on one of the city’s busiest corners, with 22,183 daily traffic count passing by the location. The building is available for sale, and it can also be leased.
With its dedicated reception and waiting areas, multiple private offices, and prominent on-site signage, the building is well-suited for a range of professional office uses such as attorney, medical, bookkeeping/accounting, and health and wellness services.
Located at 513 Sabattus St in Lewiston, ME, the property sits on one of the city’s busiest corners, with 22,183 daily traffic count passing by the location. The building is available for sale, and it can also be leased.
With its dedicated reception and waiting areas, multiple private offices, and prominent on-site signage, the building is well-suited for a range of professional office uses such as attorney, medical, bookkeeping/accounting, and health and wellness services.
Key Highlights
- Seven‑office layout with reception and waiting room
- Two bathrooms
- Paved parking lot with two entrances
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 | $43.2k | $18.00 |
| − Vacancy | −$7.3k | −$3.06 |
| EGI | $35.9k | $14.94 |
| − OpEx | −$10.8k | −$4.48 |
| NOI | $25.1k | $10.46 |
2,400 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$555.6K
$486.1K – $648.2K
NOI $38,890 @ 7.0% cap · market cap 10.37%
Second Best
Retail
$358.6K
$313.7K – $418.3K
NOI $25,099 @ 7.0% cap · market cap 6.69%
Theoretical Best
Warehouse
$4.26M
$3.73M – $4.97M
NOI $298,381 @ 7.0% cap · market cap 79.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Seven-office layout with reception, waiting room, two bathrooms, and paved parking with two entrances on a high-traffic corner.
Where is this office units located?
The property is located at 513 Sabattus St Lewiston, ME.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Seven‑office layout with reception and waiting room; Two bathrooms; Paved parking lot with two entrances
