Property profile

457 Old Lewiston Rd Winthrop, ME 04364

OFF-MARKET
Assisted living facilities
Property ID
US42-0521038
13,718 SF 5.3 ac lot Built 1968
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

The property is a multi-use, two-level institutional building in Winthrop, Maine, formerly operated as a 52-bed assisted living and rehabilitation center. It sits on a 5.3-acre lot with road frontage, two on-site parking areas (about 60 spaces total), and ramps for accessibility. The building contains more than 13,000 square feet above grade, plus additional usable space in the full basement, which includes a laundry area, kitchen, staff offices, and storage. Interior features include individual rooms with attached baths, an entry/reception area, nurses’ stations, multiple offices, and a large two-room dining area with seating capacity and two fireplaces, as well as a beauty salon. The building is served by an elevator connecting the two levels and providing access to the basement. Building systems include BBHW heat, some heat pumps, and vinyl windows, along with a propane generator system and a sprinkler system. Utilities include city water and sewer. A portion of the building experienced flooding and was remediated. The site and structure are configured to support potential redevelopment into residential apartments, a living facility, or other compatible uses.

Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1968
Construction FRAME
Total area 13,718 SF
Lot 5.3 ac (230,868 SF)
Zoning code RU
APN WINP M:001 L:058 S:00E
UPID US42-0521038

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician
  • Home Health Care Service

Location

457 Old Lewiston Rd Winthrop, ME 04364-4111
Winthrop metro Census 14001 AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$510k

Owner & transaction history

Zoning & alternative use

RU · Winthrop, ME

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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