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Property profile & analytics
FOR SALE
Industrial properties

48 Commercial St Lewiston, ME 04240

66,077 SF 20.53 ac lot Built 1956
Entity Owned 13-yr Hold Free & Clear
Property ID
US42-0852765
Property summary
AI-generated overview

This exceptional 66,077 square foot industrial property, located at 48 Commercial Street in Lewiston, Maine, presents a unique opportunity for a variety of businesses. The building, which underwent renovations in 2017, boasts a versatile layout suitable for executive office space, manufacturing, flex space, warehouse operations, or distribution. The property features multiple tenancies, allowing for flexibility in configuration to meet specific business needs. With a substantial 66,077 square feet of vacant space, this property offers immediate occupancy. Key features include a 14-foot ceiling height, providing ample vertical space for storage or equipment. Loading and unloading are facilitated by six loading docks and one drive-in door. The building is equipped with 200-amp power. The property is zoned UE - Urban Enterprise, and its location in Androscoggin County, Maine (APN: Map 125, Lot 14, zip code 04240) provides excellent access to transportation routes and a skilled workforce. This fully vacant building offers a blank canvas for a business seeking significant space and adaptability. The property's size and features make it ideal for a large-scale operation or a company looking to expand its footprint. Contact us today to learn more about this prime Lewiston industrial space.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1956
Total area 66,077 SF
Lot 20.53 ac (894,287 SF)
APN LEWI M:125 L:014
UPID US42-0852765
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
AI Approach AI
$865k
CAP Approach CAP
by Request
Comparable Approach Comparable
$967k
Blend (final) Blend
$915k
Owner & transaction history
MRE LLC
MRE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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