Property profile

20 East Ave Lewiston, ME 04240

OFF-MARKET
Neighborhood centers
183,691 SF Built 1964
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 183,691 square foot retail center, situated on a 6.24-acre lot in Lewiston, Maine, presents a unique investment opportunity. The property, comprised of five single-story buildings, boasts a desirable location within a thriving commercial area. Built in 1964 and renovated in 2010, the Class B center offers a mix of existing tenants and significant vacancy, providing flexibility for various retail concepts. Currently, there are eight spaces available, ranging in size from 2,630 square feet to a substantial 89,572 square feet of contiguous space. The property's zoning is COMMERCIAL (APN: RE00010773). Benefit from the strong demographics of the Lewiston-Auburn metropolitan area, the second largest in Maine with a population of 65,000 and proximity to nearly half of Maine's population within a 30-mile radius. The presence of Bates College, a top 20 liberal arts school, further enhances the area's appeal. This center is strategically located near established businesses such as Bull Moose Music, Family Dollar, CVS, the BBQ Pit, Dunkin', and Save-a-lot, creating a synergistic retail environment. This is an ideal opportunity to establish or expand your retail presence in a vibrant and growing market. The substantial vacant space allows for significant customization and tenant mix development.

Property profile

Verified
Property type Neighborhood centers
Year built 1964
Total area 183,691 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Discount Store (Bike/Boat/Book/etc) Store
  • Shopping Center & Mall
  • Discount Store
  • Restaurant
  • Media Distribution (Bike/Boat/Book/etc) Store

Location

20 East Ave Lewiston, ME 04240
Lewiston metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 20 East Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message