675 Main St Lewiston, ME 04240-5802
Property Lookup
Property profile & analytics
675 Main St Lewiston, ME 04240-5802
- Super regional malls
- 29,338 SF
- 5.32 lot acres
Property ID
US42-0855932
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Another New Day Scar Work and Muscle Therapy / Alternative Medicine Practice / Spa & Massage Center
- Banner Doors Corporation / Hardware & Home Improvement / Production Facility
- Hairem / Hair Salon
- Salon 675 / Hair Salon
- Jade garden / Restaurant
Property Details for 675 Main St
- Year built
- 1955
- Lot size
- 5.32 lot acres
- Property size
- 29,338 SF
- Property type
- Super regional malls
- Property subtype
- Shopping centers
- APN
- LEWI M:170 L:032 U:6426
- APU
- LEWIM170L032U6426
Description
This exceptional value-add opportunity presents a 49,000 square foot shopping center in Lewiston, Maine, boasting a 10.31% cap rate and a strong NOI of $451,099. The property, built in 1955 and extensively renovated in 2020, features 22 tenants representing a diverse mix of retail, office, service, and industrial businesses. Located at a highly visible, signalized intersection on Route 202 (Main Street), a busy retail and commuter corridor, the property benefits from over 16,000 vehicles per day. Key tenants include Sam's Italian Foods (with a land lease), Banner Doors, Boulet Chiropractic, Jade Garden, and Sherm Arnold's Flooring, Kitchen & Bath. Recent improvements include new roofs, pavement, exterior paint, treeline management, and a new roof and siding for the rooftop storage unit. A new demising wall and 10-foot drive-in bay enhance the warehouse space. The property sits on a 5.32-acre lot and is zoned CB and NCA. Current leases are gross, presenting a significant value-add opportunity through conversion to NNN leases and gradual rent increases. Current rents are estimated to be 25% below market value. Financial statements are available upon request. The property offers a compelling investment prospect with substantial upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $2,805,000
- RESTAURANT
- $1,960,000
- RETAIL STORES
- $1,675,000
- APARTMENT HOUSE (5+ UNITS)
- $1,625,000
- MEDICAL BUILDING
- $1,585,000
- OFFICE BUILDING
- $1,315,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.2032
- Latitude
- 44.1202
- CBSA code
- 30340
- CBSA name
- LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$39,377
$574,770
$737,780
$1,312,550
-
$0.00
$0.00
$0.00
