884 Lisbon St Lewiston, ME 04240-6584
- Retail space
- 8,341 SF
- 0.98 lot acres
Dec 19, 2022
Current Use by Public Records
- The Lunch Table / Restaurant
- Hometown Nutrition & Energy LLC / Restaurant
- Rent-A-Center / Cell Phone Store / Electronics Store
Property Details for 884 Lisbon St
- Year built
- 1970
- Lot size
- 0.98 lot acres
- Property size
- 8,341 SF
- Property type
- Retail space
- APN
- LEWI M:177 L:199
- APU
- LEWIM177L199
Description
This exceptional investment opportunity presents an 8,825-square-foot, multi-tenant retail center located at 884 Lisbon Street in Lewiston, Maine. The property, built in 1970, boasts a strong 7.07% capitalization rate and a net operating income (NOI) of $98,641, with an asking price of $1,395,000 ($158.07 per square foot). The single-story building sits on approximately 0.98 acres and is zoned CB - Community Business. The property benefits from a prime location on Lisbon Street, a high-traffic area with over 18,525 vehicles passing daily. Its proximity to the Maine Turnpike (I-95) ensures excellent visibility and accessibility. The tenant roster includes a mix of established national and regional businesses such as Rent-A-Center, AAA, Hometown Nutrition, and The Lunch Table, providing a stable and diversified income stream. This fully leased investment property offers a compelling opportunity for investors seeking a strong return in a desirable location within a vibrant business district, surrounded by other national and local retailers and businesses. The property's APN is 177/199 and is currently owned by Ranch Landholdings, LLC. This is a core investment-grade property with a proven track record.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.2015
- Latitude
- 44.0841
- CBSA code
- 30340
- CBSA name
- LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA
