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Property profile & analytics
OFF-MARKET
Hospitals

376 Sabattus St Lewiston, ME 04240

1,968 SF 0.25 ac lot Built 1966
Entity Owned 14-yr Hold Absentee Owner Free & Clear
Property ID
US42-0773881
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hospitals
Use group HOSPITAL - PRIVATE
Year built 1966
Total area 1,968 SF
Lot 0.25 ac (10,890 SF)
APN LEWI M:173 L:111
UPID US42-0773881
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
SAINT MARYS REG MED CTR
SAINT MARYS REG MED CTR
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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