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    59 Park St Lewiston, ME 04240

    • Retail space
    • 5,920 SF
    • 0.09 lot acres
    For Sale
    View listing
    $215,000
    Value Estimation
    Last Sale
    May 30, 2025
    $280,203
    Location Intelligence
    Property ID
    US42-0779205
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cardtronics ATM / Atm

    Property Details for 59 Park St

    Year built
    1971
    Lot size
    0.09 lot acres
    Property size
    5,920 SF
    Property type
    Retail space
    APN
    LEWI M:207 L:071
    APU
    LEWIM207L071

    Description

    This exceptional 5,920 square foot retail or restaurant space is ideally situated in the vibrant heart of Downtown Lewiston, Maine. Boasting a highly desirable storefront presence, this property benefits from excellent visibility and significant foot traffic. Its strategic location directly across the street from the Lewiston Municipal Parking Lot ensures convenient access for customers and employees. The spacious and versatile interior offers ample room for a variety of commercial uses. The surrounding area is thriving, with a mix of established retailers, restaurants, and office spaces, creating a dynamic and supportive business environment. The property sits on a 0.09-acre lot, providing convenient access and potential for outdoor seating or signage (subject to local regulations). This is a rare opportunity to acquire a well-positioned commercial property in a rapidly growing downtown area. The asking price for this exceptional space is $215,000. This property is ready for immediate occupancy and presents a significant opportunity for a discerning investor or business owner seeking a prime location in a bustling urban center. Serious inquiries are encouraged.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $300,000
      6.5%
      $295,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $300,000
      Geo Method
      $320,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $300,000
      Mixed-Use
      $260,000
      Hospitality
      $315,000
      Educational
      $345,000
      Residential Income
      $330,000
      Energy
      $335,000
      Income-Based Land
      $295,000
      Food Service
      $290,000

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.2168
    Latitude
    44.0974
    CBSA code
    30340
    CBSA name
    LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,817
    $44,850
    $182,390
    $227,240
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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      View Details
    • Value Estimation
      $170,000
      8,700 SF

      50 Lisbon St

      RETAIL STORES (PERSONAL SERVICES) • 8,700 SF
      50 Lisbon St, Lewiston, ME 04240-7116
      View Details
    • Value Estimation
      $570,000
      24,834 SF

      686 Main St

      RETAIL STORES (PERSONAL SERVICES) • 24,834 SF
      686 Main St, Lewiston, ME 04240-5801
      View Details
    • Value Estimation
      $340,000
      3,840 SF

      425 Sabattus St

      RETAIL STORES (PERSONAL SERVICES) • 3,840 SF
      425 Sabattus St, Lewiston, ME 04240
      View Details
    • Value Estimation
      $325,000
      1,477 SF

      510 Sabattus St

      RETAIL STORES (PERSONAL SERVICES) • 1,477 SF
      510 Sabattus St, Lewiston, ME 04240-4146
      View Details
    • Value Estimation
      $150,000
      1,272 SF

      125 Scribner Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,272 SF
      125 Scribner Blvd, Lewiston, ME 04240-4454
      View Details

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    Similar Nearby for Lease

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    59 Park St
    Lewiston, ME 04240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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