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Mixed-Use Property with Apartments

715 Webster Street, Lewiston, ME 04240

For Sale
$550,000

Commercial storefronts, food-service spaces, and two residences share a 1975 building in Lewiston.

Property Size11,793 SF
Price / SF$46.64
Days on Market1011

Property Features for 715 Webster Street

General Information

Standard status Active
Size 11,793 SF
Property subtype Commercial
Zoning NCA
Occupancy 100%

Units

Unit Mix 1 x 1BR, 1 x 3BR
Multifamily Units 2

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $8,239

Building Details

Building Size 11,793 SF
Year Built 1975
Stories 2
Tenancy Multi
Listing Agency: Better Homes & Gardens Real Estate/The Masiello Group
Listed By: Susan Dube
Source: Integrityhomesrealestategroup
Added: Feb 5, 2024 Changed: Nov 11 Last Checked: Nov 11 at 2:26AM

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 Better Homes & Gardens Real Estate/The Masiello Group

Rey
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Investment Insights

Based on property information with market context.

At 11,793 square feet, this Lewiston property combines two residential units with ground-floor commercial spaces. The residences include one one-bedroom unit and one three-bedroom unit; commercial uses include a convenience store, restaurant, and bakery. The building also contains four individual band spaces and three commissary kitchens, all currently rented. Built in 1975, the property is zoned NCA.

The property has parking at both the front and rear. Uses identified as approved under Article XII include family or small home daycare, religious facilities, home occupations, single- or two-family residences, bed and breakfast operations, and accessory dwelling units.

Key Highlights

  • 11,793 square feet in a mixed‑use building
  • One one‑bedroom residence and one three‑bedroom residence
  • Ground‑floor convenience store, restaurant, and bakery

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Webster Street Convenience ... Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Auto Parts Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

207
Businesses Nearby
1k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 100%
Ramada Inn Hotels & Casinos
1,005 visits/mo 0.5 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial storefronts, food-service spaces, and two residences share a 1975 building in Lewiston.
Where is this mixed-use property located?
The property is located at 715 Webster Street Lewiston, ME.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 11,793 square feet in a mixed‑use building; One one‑bedroom residence and one three‑bedroom residence; Ground‑floor convenience store, restaurant, and bakery
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