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Property profile

163-165 Bates St Lewiston, ME 04240

OFF-MARKET
Land
19,584 SF 0.23 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 36-unit rooming house located at 163-165 Bates Street in Lewiston, Maine, within Androscoggin County. The property, encompassing 19,584 square feet on a 0.23-acre lot, is offered at an asking price of $1,600,000. Currently operating as a rooming house, this multifamily property presents significant potential for various uses given its commercial zoning and substantial size. The property's classification includes Apartment Building, Commercial, and Duplex/Triplex/Quadruplex designations, reflecting its versatility and adaptability. The address is 163-165 Bates Street, Lewiston, ME 04240. Given the current configuration as a 36-unit rooming house, the property offers immediate income potential. While the listed unit count is zero, this reflects the unique structure of the current operation. A 24-hour notice is required for all showings. Interested parties are encouraged to inquire for further details and to schedule a viewing. This property is situated at latitude 44.0965494 and longitude -70.214362. The property's substantial size and prime Lewiston location make it an attractive investment opportunity.

Property profile

Verified
Property type Land
Total area 19,584 SF
Lot 0.23 ac (10,019 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

163-165 Bates St Lewiston, ME 04240
Lewiston metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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