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Property profile & analytics
OFF-MARKET
Neighborhood centers

20 East Ave Lewiston, ME 04240

183,691 SF Built 1964
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tio's Pawn Shop Discount Store (Bike/Boat/Book/etc) Store
  • Lewiston Mall Shopping Center & Mall
  • Family Dollar Discount Store
  • Golden City Restaurant
  • Bull Moose Media Distribution (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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