10 Avon St Lewiston, ME 04240

Property Details for 10 Avon St

Year built

1912

Lot size

5.47 lot acres

Property size

9,780 SF

Property type

Industrial properties

APN

LEWI M:206 L:019

APU

LEWIM206L019

Description

This exceptional 6.6-acre development opportunity in Lewiston, Maine, presents a unique chance to build a substantial residential project. The site boasts 800 feet of frontage overlooking the Androscoggin River, offering stunning views and immediate access to the city's planned riverfront revitalization. The property is strategically located at 10, 35 & 37 Avon St., Lewiston, ME 04240, providing excellent highway access—minutes from I-95—and proximity to major employers including Central Maine Medical Center (CMMC), St. Mary's Regional Health Center, and Bates College. With approvals and pre-development work already completed, this project is shovel-ready. The site is zoned for 244 market-rate residential units, catering to the strong housing demand fueled by Lewiston's population growth, which is more than double the state average. The area benefits from over 3,000 local healthcare jobs. Further enhancing the investment potential is a 63% tax reduction for 20 years through Tax Increment Financing (TIF), along with attractive financing options available through local and regional banks. Lewiston, the second-largest city in Maine, offers a vibrant and growing market, making this a compelling opportunity for significant returns. This is a rare chance to capitalize on a prime location with substantial pre-development work already completed.