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    48 Commercial St Lewiston, ME 04240

    Sponsored
    For Sale
    $2,200,000

    66,077 SF Warehouse/Distribution Center

    Property size:
    66,077 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional industrial property, located at 48 Commercial Street in Lewiston, Maine, presents a significant investment opportunity. The 66,077 square foot building, classified as Class B, offers a versatile mix of light manufacturing, warehouse, and office space, perfectly suited for a variety of businesses. Constructed in 1956 and extensively renovated in 2020, the property boasts a new roof, updated HVAC system, and upgraded fire sprinklers, ensuring efficient and safe operations. The two-story building features six loading docks with six dock-high doors, facilitating seamless loading and unloading. Its convenient location directly off Maine Turnpike Exit 80 provides easy access to major transportation routes. The property sits on a single building, and is zoned UE. The asking price is $2,200,000. The property's multi-tenant capacity offers flexibility for various business models. With its substantial square footage, modern upgrades, and prime location, this property represents a compelling investment opportunity in the thriving Lewiston market. The APN is 125/14 and the ownership is held by MRE, LLC.

    Property Features for 48 Commercial St

    General Information

    Property type
    Manufacturing properties
    Square Feet
    66,077 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1956/2020
    Buildings
    1
    Stories
    2

    HighLights

    • 66,077± SF of light industrial space with warehouse and office components.
    • Six (6) loading docks.
    • New roof installed in 2020.
    • Updated HVAC and fire sprinkler systems.
    • Conveniently located directly off ME Turnpike Exit 80.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.17789
    Latitude
    44.072525

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    FAQs

    What type of property is this?
    Manufacturing property - 66,077 SF Warehouse/Distribution Center
    Where is this manufacturing property located?
    The property is located at 48 Commercial St Lewiston, ME.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 66,077± SF of light industrial space with warehouse and office components.; Six (6) loading docks.; New roof installed in 2020.
    Request Owner's contact information
    48 Commercial St Lewiston, ME 04240
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    Lewiston, ME 04240
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    Realmo Value Estimation

    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.

    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.

    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
    48 Commercial St Lewiston, ME 04240
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