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    20 Highland Spring Rd Lewiston, ME 04240

    For Lease
    $7 SF/Yr ($14,148 /Mo)

    Versatile warehouse, office space, ample parking.

    Lot size:
    24,255 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional commercial property in Androscoggin County offers 24,255 square feet of versatile space, ideal for a variety of businesses. The building, constructed in 1958 and renovated in 2016, boasts a blend of office and warehouse areas. The 5,400 square feet of office space includes twelve private offices and two conference rooms, providing ample room for administrative functions. The substantial 18,855 square feet of warehouse space is equipped for efficient operations, featuring ten overhead doors, a loading dock, and a truck wash bay. Twelve drive-in doors further enhance accessibility. The property sits on a 2.76-acre lot with a 271-foot frontage, providing ample space for maneuvering and parking. Parking for 50+ vehicles is available. The building is a two-story Class B structure with a 14-foot ceiling height in the warehouse area. Six bathrooms are conveniently located throughout the building. Currently leased, this property offers a unique opportunity for future occupancy beginning June 30, 2025. Its flexible layout allows for potential division to accommodate specific business needs, making it an attractive investment in a desirable location with excellent accessibility.

    Property Features for 20 Highland Spring Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,255 SF
    Class
    B
    Total Rate
    14148.75

    Building Details

    Year Built/Renovated
    1958/2016
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    24,255 SF
    Rate per SF
    $7

    HighLights

    • 24,255 SF warehouse on 2.76 acres in Androscoggin County.
    • Single‑tenant, Class B building with 5,400 SF of office space.
    • Built in 1958, renovated in 2016; features 14' ceilings.
    • 1 loading dock, 12 drive‑in doors, and 50+ parking spaces.
    • Available June 30, 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Maine Heavy Equipment ... Truck Repair Shop St. Laurent and Son ... Demolition Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.179842633888
    Latitude
    44.103927757856

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    FAQs

    What type of property is this?
    Distribution property - Versatile warehouse, office space, ample parking.
    Where is this distribution property located?
    The property is located at 20 Highland Spring Rd Lewiston, ME.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 24,255 SF warehouse on 2.76 acres in Androscoggin County.; Single-tenant, Class B building with 5,400 SF of office space.; Built in 1958, renovated in 2016; features 14' ceilings.
    Request Owner's contact information
    20 Highland Spring Rd 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

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    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
    20 Highland Spring Rd Lewiston, ME 04240
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