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Property profile & analytics
OFF-MARKET
Retail space

50 Lisbon St Lewiston, ME 04240-7116

8,700 SF 0.06 ac lot Built 1860
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US42-0777404
Property summary
AI-generated overview

This exceptional mixed-use property at 50 Lisbon Street in Lewiston, Maine presents a unique investment opportunity. Spanning 8,700 square feet on a 0.06-acre lot, this building offers a blend of historic charm and modern functionality. The ground floor is ideally suited for a food service establishment, boasting a fully equipped kitchen featuring a three-bay sink and a Blodgett oven. Recent upgrades include a complete electrical overhaul, new lighting fixtures, and a meticulous restoration of the original hardwood floors and Art Deco windows, preserving the building's historical character. The upper two floors, currently unfinished, provide a blank canvas for creative development. Transform them into modern office spaces, stylish apartments, or a combination of both, catering to the growing demand in Lewiston's vibrant downtown. Located in a historic district, this property benefits from city incentives designed to support renovations of older buildings, making this an even more attractive proposition. A new rubber roof was installed in 2021, ensuring long-term structural integrity. Surrounded by a thriving community of restaurants and businesses, this property offers unparalleled potential for growth and return on investment. Priced at $229,995, this is an exceptional opportunity to own a piece of Lewiston's rich history and contribute to its exciting future.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1860
Total area 8,700 SF
Lot 0.06 ac (2,614 SF)
APN LEWI M:207 L:083
UPID US42-0777404
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
Current use
Occupant on record · Public records
  • Sherman Oaks Restaurant
  • Tracy Jean's Coffee Boutique Food And Beverage Consultant Coffee Shop
  • Sherman Oaks California Kitchen Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
John D Rac · 1 yrs held
John D Rac
since 2025
Last sale
$175,000
1 recorded transaction
2025
$175,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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