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    297-315 Main St Lewiston, ME 04240

    Sponsored
    For Lease
    $12 SF/Yr ($10,672 /Mo)

    Prime Main Street Medical Office Space

    Lot size:
    10,672 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,672 square foot medical office building, located at 297-315 Main Street in Lewiston, Maine, presents a unique investment opportunity. The property sits on a 1.11-acre lot and is zoned CB - Community Business, offering significant potential for a variety of medical uses. The single-tenant building, constructed in 1966, is a two-story Class B structure. Currently, the entire 10,672 square feet is vacant, providing immediate occupancy for a new tenant or the opportunity for extensive renovations to suit specific needs. The property's address is 297-315 Main Street, Lewiston, ME 04240, with the Assessor's Parcel Number (APN) being 194/477 & 195/49 in Androscoggin County. Its strategic location on Main Street offers high visibility and accessibility, making it an ideal location for a medical practice or related business. The building's size and layout provide ample space for various medical specialties, administrative offices, and support areas. This property represents a rare chance to acquire a substantial medical office building in a desirable Lewiston location. The property's existing infrastructure and zoning provide a solid foundation for immediate occupancy or future development. Serious inquiries are encouraged.

    Property Features for 297-315 Main St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,672 SF
    Class
    B
    Total Rate
    10672

    Building Details

    Year Built
    1966
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    10,692 SF
    Rate per SF
    $15

    HighLights

    • 10,672 SF medical office building on 1.11‑acre lot in Lewiston, ME.
    • Vacant, two‑story Class B building, built in 1966.
    • Located at 297‑315 Main Street, Lewiston, ME 04240 (APN: 194/477 & 195/49).
    • Zoned CB - Community Business, offering high visibility and accessibility.
    • $2,000,000 sale price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.213987352831
    Latitude
    44.101283542438

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    FAQs

    What type of property is this?
    Individual retail property - Prime Main Street Medical Office Space
    Where is this individual retail property located?
    The property is located at 297-315 Main St Lewiston, ME.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 10,672 SF medical office building on 1.11-acre lot in Lewiston, ME.; Vacant, two-story Class B building, built in 1966.; Located at 297-315 Main Street, Lewiston, ME 04240 (APN: 194/477 & 195/49).
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    297-315 Main 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
    297-315 Main St Lewiston, ME 04240
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