33-37 Lisbon St St Lewiston, ME 04240
- Mixed-use properties
- 14,006 SF
- 11.00 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 33-37 Lisbon St St
- Lot size
- 11.00 lot acres
- Property size
- 14,006 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property, located at 33-37 Lisbon Street in the heart of Lewiston, Maine, presents a unique investment opportunity. The 14,006 square foot building sits on an expansive 11-acre lot and boasts significant street-level retail space currently occupied by a thriving retail shop and a convenience store. These ground floor businesses benefit from high pedestrian and vehicular traffic, ensuring consistent revenue streams. The upper floors comprise seven residential units, currently requiring substantial renovation. However, once updated, these units offer significant potential for increased rental income and a strong return on investment. The building's prime location provides stunning views of Lisbon Street, the Androscoggin River, and the city of Auburn. Imagine enjoying panoramic views, including a bird's-eye perspective of the annual Lewiston Balloon Festival, from a future rooftop amenity. This property is ideally situated to capitalize on Lewiston's continued growth and vibrant downtown culture. The substantial lot size offers additional development possibilities, further enhancing the investment potential. This is a rare chance to acquire a significant piece of Lewiston's downtown, offering both immediate income and long-term growth prospects. The asking price is $369,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.2181
- Latitude
- 44.0979
