Flex Building with Retail
68/72 Holland Street, Lewiston, ME 04240
For Sale
$190,000
A warehouse-configured commercial property combines overhead access with a customer-facing glass entrance.
Property Size2,596 SF
Price / SF$73.19
Days on Market576
Property Features for 68/72 Holland Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Power
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
security system
40-foot dry storage container
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Fontaine Family-The Real Estate Leader
(207) 784-3800
Listed By:
Sierra Lemieux
(207) 376-7255
Source:
Integrityhomesrealestategroup
Added: Apr 15, 2025
Changed: Nov 11
Last Checked: Nov 11 at 2:16AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,596-square-foot flex property is currently configured for warehouse use, with two overhead doors and a glass-front entrance. The double-lot site provides off-street parking. Interior and building features include a half bathroom with hot water, a 200-amp electrical panel, and a security system. A 40-foot dry storage container is included, and the roof was redone within the last 8 years. The property was built in 1961 and is zoned UE within the Urban Enterprise District.
The property is near a hospital, downtown, and other local businesses. Its combination of warehouse access, retail-style entry, and on-site parking defines the current commercial configuration.
The property is near a hospital, downtown, and other local businesses. Its combination of warehouse access, retail-style entry, and on-site parking defines the current commercial configuration.
Key Highlights
- 2,596‑square‑foot building on a double lot
- Two overhead doors and a glass‑front entrance
- 40‑foot dry storage container included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,598
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,960
$312.0K
Cap Rate 7%
$222,829
$222.8K
Cap Rate 9%
$173,311
$173.3K
Market Conditions
NOI Build-Up for 2,596 SF
Gross rent
$24.6K $9.48/SF
− Vacancy
−$613 −$0.24/SF
EGI
$24.0K $9.24/SF
− OpEx
−$8.4K −$3.24/SF
NOI
$15.6K $6.01/SF
Area
Androscoggin County, ME
Vacancy
2.49%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,960
Cap Rate 7%
$222,829
Cap Rate 9%
$173,311
Alternative Uses
Best Use
Retail
$387.8K
$339.4K – $452.5K
NOI $27,149 @ 7.0% cap · market cap 14.29%
Second Best
Flex RnD
$222.8K
$195.0K – $260.0K
NOI $15,598 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$807.4K
$706.5K – $942.0K
NOI $56,518 @ 7.0% cap · market cap 29.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,899
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04240, ME
37,121
Population
16,852
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
34.1 sq mi
ZIP Area
1,089
Density / Sq Mi
$56,558
Median Household Income
$36,734
Median Earnings
$954
Median Rent
$214,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Krushdem Kitchen — 63 Jefferson St, Lewiston, ME 04240
- Taste of soul — 52 Hampshire St, Auburn, ME 04210
Frequently Asked Questions
What type of property is this?
Flex space - A warehouse-configured commercial property combines overhead access with a customer-facing glass entrance.
Where is this flex space located?
The property is located at 68/72 Holland Street Lewiston, ME.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 2,596‑square‑foot building on a double lot; Two overhead doors and a glass‑front entrance; 40‑foot dry storage container included
