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Commercial SaleOfficeMELewiston04240415 Lisbon Street, Lewiston, ME, 04240

415 Lisbon Street, Lewiston, ME, 04240

415 Lisbon Street, Lewiston, ME, 04240
$1,050,000
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Basics

  • Date added: Added 1 week ago
  • Category:
  • Type:
  • Status:
  • Bathrooms: 0
  • Lot size: 0.11 sq ft
  • Year built: 1900
  • Lot Size Acres: 0.11 acres
  • Zoning: CV
  • Business Type: Office Building
  • County: Androscoggin
  • MLS ID: 1656282

Description

  • Description:

    CORE is pleased to present Units 2 & 3 at 415 Lisbon Street in Lewiston, Maine. The subject is a stabilized office investment opportunity offered at an 8.0% capitalization rate with a current NOI of $83,762.

    The units being offered for sale occupy a portion of The Business Service Center, a historically significant Lisbon Street landmark and one of Lewiston's premier Class A office addresses. The building, formerly home to Maine Business Supply Company, has been repositioned as a professional office destination serving the region's top-tier commercial tenants.

    Units 2 & 3 are fully leased to three creditworthy tenants: Merrill Lynch, Haley Ward, and Canusa Corporation, providing an investor with immediate, in-place income backed by established occupants.

    At $1,050,000, this offering represents a compelling entry point into Lewiston's Class A office market with day-one cash flow and a tenancy profile that speaks to the quality of the asset.

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Location

Building Details

  • Building Area Total: 5000 sq ft
  • Construction Materials: Masonry
  • Sewer: Public Sewer
  • Foundation Details: Granite

Amenities & Features

  • Parking Features: Off Site, Paved
  • WaterSource: Public
  • Lot Features: Downtown, Business District

Fees & Taxes

  • Association Fee Frequency: Annually

Courtesy of

  • List Office Name: CORE

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