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Property profile

4 Lisbon St Lewiston, ME 04240

OFF-MARKET
Lifestyle centers
8,144 SF 0.04 ac lot Built 1896
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Property summary

AI-generated overview

This exceptional 8,144 square foot shopping center, located at 4 Lisbon St in Lewiston, Maine (04240), presents a rare investment opportunity. Built in 1896 and situated on a 0.04-acre lot (APN: LEWI-000207-000000-000079), this property boasts a prime corner location at the intersection of Lisbon and Main Streets, ensuring high visibility and significant foot traffic. The asking price is $675,000, translating to $82.88 per square foot. The main level currently features a 1,808 square foot storefront space, previously occupied by J. Dostie Jewelers, along with a full basement and a 172 square foot mezzanine. The upper floors comprise two leased apartments, and a third-floor space prepared for renovation into additional residential units. This property is zoned as "centreville" and offers a unique chance to acquire a landmark building with substantial potential for both retail and residential income. The building's history and location make it a truly unique investment opportunity. This is a chance to own a piece of Lewiston's history and capitalize on its vibrant downtown area. The property has been available for sale for the first time since 1964.

Property profile

Verified
Property type Lifestyle centers
Year built 1896
Total area 8,144 SF
Lot 0.04 ac (1,742 SF)

Cap rate & NOI

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

Location

4 Lisbon St Lewiston, ME 04240
Lewiston metro
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Value estimations

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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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