Technical
Financial
Distress signals
Property profile

10 Avon St Lewiston, ME 04240

FOR SALE
Other industrial properties
Property ID
US42-0848753
9,780 SF 5.47 ac lot Built 1912
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a riverfront development site in Lewiston, Maine, covering more than 6 acres and providing approximately 800 feet of frontage on the Androscoggin River. It is located near St. Mary’s and Central Maine Medical Center, as well as Bates College and the City’s Planned Riverfront Revitalization, with access to I-95 within a few minutes. The site has received full approvals for a market-rate multifamily project totaling 244 residential units, with two planned buildings: Building A is a five-story structure with 120 residential units and 49 ground-level parking spaces, and Building B is a four-story building with 124 residential units. Overall parking is planned for 246 on-site spaces, including 23 garage bays, plus an additional 50 overflow spaces. Planned on-site amenities include a fitness center, wellness studio, entertainment areas, and work-from-home areas, and the anticipated unit types include 1-bedroom, junior 1-bedroom, and some 2-bedroom units, with the final unit mix subject to developer determination. The development includes pre-development work that has been completed and is described as qualifying for tax increment financing benefits as applicable.

Property profile

Verified
Property type Other industrial properties
Use group LUMBERYARD, BUILDING MATERIALS
Year built 1912
Total area 9,780 SF
Lot 5.47 ac (238,273 SF)
APN LEWI M:206 L:019
UPID US42-0848753

Cap rate & NOI

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

Location

10 Avon St Lewiston, ME 04240
Lewiston metro Census 20200 LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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