Property profile

832 College St Lewiston, ME 04240

FOR SALE
Residential land & home lots
Property ID
US42-0850644
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Property summary

AI-generated overview

2 ACCESS POINTS: Development opportunity: SENIOR HOUSING or Multifamily. 272 apartments or 68 single family homes? 34+ acres, 2 parcels for sale. Located less than 2.5 miles just down the street from Bates College (that is why it is called College Street...), minutes from WalMart, The Home Depot, Hobby Lobby, Starbucks and other shops in vicinity of The Auburn Mall, under 1 hour drive time to The Portland International Jetport or Sebago Lake, 2.5 hours drive time to Fenway Park, or Boston Logan Airport. The 1st parcel is 832 College Street and has 200' ft. +/- of road frontage, contains 7 acres, a 3 bedroom, 2 bath, 1600+/- sq.ft. home with an updated kitchen on a full foundation and garage. The 2nd parcel is 816 College Street Rear, has 27+ acres of undeveloped land that abuts 832 College Street and is also accessible from Rejane Ave, which the seller recently received approval from the City of Lewiston to continue to the property line providing 2 access points to the 34+ acres. Medium Density Residential zoning per City of Lewiston. “Medium-density residential district (MDR). (a) Statement of purpose. The purpose of the medium-density residential district is to provide areas within the city for the development of good quality multifamily housing at densities up to eight units per acre, and good quality single-family housing, at densities of up to two units per acre, including mobile homes where appropriate, while protecting established neighborhoods from undesirable impacts from these uses”

Property profile

Verified
Property type Residential land & home lots
UPID US42-0850644

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

832 College St Lewiston, ME 04240
Lewiston metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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