50 Lisbon St Lewiston, ME 04240
- Retail space
- 8,700 SF
- 0.06 lot acres
Current Use by Public Records
- Sherman Oaks / Californian Restaurant
- Tracy Jean's Coffee Boutique / Food And Beverage Consultant / Coffee Shop
- Sherman Oaks California Kitchen / Sandwich Shop
Property Details for 50 Lisbon St
- Year built
- 1860
- Lot size
- 0.06 lot acres
- Property size
- 8,700 SF
- Property type
- Retail space
- APN
- LEWI M:207 L:083
- APU
- LEWIM207L083
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $160,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $180,000
- 6.5%
- $185,000
- 7%
- $195,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $195,000
- Geo Method
- $215,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $190,000
- Retail
- $175,000
- Mixed-Use
- $185,000
- Hospitality
- $205,000
- Educational
- $200,000
- Residential Income
- $185,000
- Energy
- $210,000
- Income-Based Land
- $180,000
- Food Service
- $160,000
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.2175
- Latitude
- 44.0979
- CBSA code
- 30340
- CBSA name
- LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA
