Property summary
This exceptional investment opportunity encompasses a 2.68-acre commercial property located at 9 Westminster Street in Lewiston, Maine. The property boasts a prime location with convenient access to I-95 (Maine Turnpike) via Route 196, a major commuter route connecting Lewiston and Auburn. The portfolio consists of four lots containing multiple buildings offering a diverse mix of retail, office, and industrial spaces currently occupied by various tenants. The property features ample on-site parking to accommodate tenants and customers. The total building area spans an impressive 61,455 square feet, providing substantial space for current operations and future expansion. With over 775 linear feet of road frontage on Westminster Street, the property enjoys high visibility and accessibility. Currently, the property offers below-market rental rates, presenting a significant opportunity for increased revenue generation. Furthermore, the substantial size and versatile nature of the property offer considerable potential for redevelopment and repositioning to capitalize on the growing Lewiston-Auburn market. This is a rare chance to acquire a significant commercial holding with strong income potential and significant upside. The asking price is $2,500,000.
Property profile
VerifiedCap rate & NOI
Current use
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Industrial Manufacturer Production Facility
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Clothing Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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