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    48 Commercial St Lewiston, ME 04240

    For Lease
    $4 SF/Yr

    66,077 SF Multi-Use Building, Fully Vacant

    Lot size:
    66,077 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 66,077 square foot industrial property, located at 48 Commercial Street in Lewiston, Maine, presents a unique opportunity for a variety of businesses. The building, which underwent renovations in 2017, boasts a versatile layout suitable for executive office space, manufacturing, flex space, warehouse operations, or distribution. The property features multiple tenancies, allowing for flexibility in configuration to meet specific business needs. With a substantial 66,077 square feet of vacant space, this property offers immediate occupancy. Key features include a 14-foot ceiling height, providing ample vertical space for storage or equipment. Loading and unloading are facilitated by six loading docks and one drive-in door. The building is equipped with 200-amp power. The property is zoned UE - Urban Enterprise, and its location in Androscoggin County, Maine (APN: Map 125, Lot 14, zip code 04240) provides excellent access to transportation routes and a skilled workforce. This fully vacant building offers a blank canvas for a business seeking significant space and adaptability. The property's size and features make it ideal for a large-scale operation or a company looking to expand its footprint. Contact us today to learn more about this prime Lewiston industrial space.

    Property Features for 48 Commercial St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    66,077 SF
    Total Rate
    22025.67

    Building Details

    Year Renovated
    2017

    Unit(s) available at that property

    Space
    Available Space
    Size
    61,477 SF
    Rate per SF
    $4

    HighLights

    • 61,477 square feet of light industrial space with a mix of warehouse and office areas.
    • 14‑foot ceiling heights.
    • Six loading docks and one drive‑in door.
    • New roof installed in 2017.
    • Updated HVAC and sprinkler systems.
    • Conveniently located off I‑95 Exit 80.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    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?
    Distribution property - 66,077 SF Multi-Use Building, Fully Vacant
    Where is this distribution property located?
    The property is located at 48 Commercial St Lewiston, ME.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 61,477 square feet of light industrial space with a mix of warehouse and office areas.; 14-foot ceiling heights.; Six loading docks and one drive-in door.
    Request Owner's contact information
    48 Commercial St 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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