376 Sabattus StLewiston, ME 04240

Property Details for 376 Sabattus St

Year built

1966

Lot size

0.25 AC

Property size (Sq ft)

1,968 SF

Property type

Healthcare properties

Property subtype

Hospitals

APN

LEWI M:173 L:111

APU

LEWIM173L111

Description

This exceptional commercial property, located at 376 Sabattus Street in Lewiston, Maine, presents a compelling investment opportunity. The building, constructed in 1966, is a Class B, single-story traditional office space totaling 1,930 square feet. Situated on a 0.68-acre lot in the Community Business District (CB) zoning, this location offers significant versatility. The property boasts an open floor plan, ideal for various business configurations. Two bathrooms ensure convenient access for employees and clients, and the building is fully ADA accessible, promoting inclusivity. Ample parking is provided with a paved lot accommodating 40+ vehicles, accessible via three curb entrances. This high-visibility location benefits from exceptional traffic flow, situated on one of Lewiston's busiest corners, with a Maine Department of Transportation (MDOT) average daily traffic count of 9,930 vehicles. The asking price for this well-maintained office building is $575,000. The property's strategic location and functional design make it an attractive option for businesses seeking a prominent presence in a thriving Lewiston commercial district. The zoning allows for a variety of uses, providing future flexibility and potential for growth.

• CAP approach

  CAP return

  Valuation

  6%

  $318,048

  6.5%

  $293,583

  7%

  $272,613

• Comparable approach

  Method

  Valuation

  Relative Method

  $295,710

  Geo Method

  $295,710

• Alternative Use

  Use

  Valuation

  Residential

  $372,423

  Hospitality

  $341,137

  Educational

  $283,822

  Medical

  $293,583

  Retail

  $441,501

Location Insight

City

Lewiston

County

Androscoggin

State

Maine

Latitude

44.1012

Longitude

-70.1966

CBSA code

30340

CBSA name

LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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