Financial
Distress signals
Property profile

48 Commercial St Lewiston, ME 04240

FOR SALE
Other industrial properties
Property ID
US42-0852765
66,077 SF 20.53 ac lot Built 1956
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Industrial flex property in Lewiston at 48 Commercial Street, comprising approximately 61,477± square feet of combined light manufacturing, warehouse, and office space. The facility features approximately 14’± ceiling heights and is configured to support production, storage, and workspace uses. Six loading docks provide direct loading and handling access suitable for industrial operations. The roof was replaced in 2017. The site provides access to the Maine Turnpike via Exit 80 and includes both operational space and office accommodations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$33k
Tax billed · 2023
Assessed value$1.09M
Assessed land$229k
Assessed improvement$864k
Effective rate3.00%

Value estimate

· Sep 2026
$865k
$779k – $952k
AI approach$865k
Submarket $/SF estimate$967k
NOI build-up
Gross scheduled income$9.91M
Vacancy & credit loss−$247k
Operating expenses−$2.90M
NOI · 294.14% cap applied$6.77M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
294.14%
$6.77M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLEWISTON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.3
Law Firm13.0
Pharmacy11.2

Location

48 Commercial St Lewiston, ME 04240
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
777 Main St, Lewiston, ME 04240-5803 $1,400,000 Aug 2024 No data
765 Webster, Lewiston, ME 04240-1600 $6,100,000 May 2024 93,740 SF
817 Main, Lewiston, ME 04240 $235,000 Apr 2024 10,580 SF
4 Razel, Lewiston, ME 04240 $450,000 Oct 2023 8,604 SF
21 Old Farm, Lewiston, ME 04240-2302 $744,000 Jun 2023 38,183 SF
145 Riv, Lewiston, ME 04240-1039 $300,000 Oct 2022 7,796 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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