884 Lisbon StLewiston, ME 04240

Property Details for 884 Lisbon St

Year built

1970

Lot size

0.98 AC

Property size (Sq ft)

8,341 SF

Property type

Retail properties

Property subtype

Retail space

APN

LEWI M:177 L:199

APU

LEWIM177L199

Description

This exceptional investment opportunity presents an 8,825-square-foot, multi-tenant retail center located at 884 Lisbon Street in Lewiston, Maine. The property, built in 1970, boasts a strong 7.07% capitalization rate and a net operating income (NOI) of $98,641, with an asking price of $1,395,000 ($158.07 per square foot). The single-story building sits on approximately 0.98 acres and is zoned CB - Community Business. The property benefits from a prime location on Lisbon Street, a high-traffic area with over 18,525 vehicles passing daily. Its proximity to the Maine Turnpike (I-95) ensures excellent visibility and accessibility. The tenant roster includes a mix of established national and regional businesses such as Rent-A-Center, AAA, Hometown Nutrition, and The Lunch Table, providing a stable and diversified income stream. This fully leased investment property offers a compelling opportunity for investors seeking a strong return in a desirable location within a vibrant business district, surrounded by other national and local retailers and businesses. The property's APN is 177/199 and is currently owned by Ranch Landholdings, LLC. This is a core investment-grade property with a proven track record.

• CAP approach

  CAP return

  Valuation

  6%

  $2,027,154

  6.5%

  $1,871,219

  7%

  $1,737,561

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,746,384

  Geo Method

  $2,746,384

• Alternative Use

  Use

  Valuation

  Residential

  $1,578,444

  Hospitality

  $1,445,846

  Educational

  $1,202,927

  Medical

  $1,244,297

  Retail

  $1,871,219

Location Insight

City

Lewiston

County

Androscoggin

State

Maine

Latitude

44.0841

Longitude

-70.2015

CBSA code

30340

CBSA name

LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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