715 Webster St, Lewiston, ME 04240
For Sale
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This exceptional Lewiston, ME mixed-use property at 715 Webster Street presents a unique investment opportunity. Spanning 11,793 square feet on a 1.24-acre lot, the property boasts a successful convenience store and a diner/restaurant with 46 seats, generating consistent income. Two on-site apartments—a one-bedroom and a three-bedroom—offer residential space, ideal for owner occupancy or rental income. Further enhancing the income potential are four leasable commissary kitchens, perfect for food-based businesses. Additional rental income is generated from large, rentable back rooms suitable for events or workshops. A bakery and a commercial ice area add to the property's diverse revenue streams. Recent improvements include a new furnace, roof, and siding, fresh paint throughout, a new freezer and refrigerator, and updated countertops in the bakery. Several rooms have also undergone remodeling. The property also features an above-ground pool and ample parking both in front and in the rear. This turnkey operation offers a compelling blend of business and residential income, making it an attractive proposition for savvy investors and entrepreneurs. Additional documentation will be provided. MLS 1582751.
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Webster Street Convenience Store and Diner Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
