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Multi-FamilyMELewiston04240715 Webster Street, Lewiston, ME, 04240

715 Webster Street, Lewiston, ME, 04240

715 Webster Street, Lewiston, ME, 04240
3 baths
$550,000
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Basics

  • Date added: Added 6 months ago
  • Category:
  • Status:
  • Bathrooms: 3
  • Lot size: 1.24 sq ft
  • Year built: 1975
  • Bathrooms Full: 3
  • Lot Size Acres: 1.24 acres
  • Zoning: NCA
  • County: Androscoggin
  • MLS ID: 1582751

Description

  • Description:

    INVESTMENT OPPORTUNITY! Incredible investment opportunity offering flexible multi-use space and a variety of income streams! This expansive property boasts over 11,000 square feet and is currently configured with two residential units—one 1-bedroom unit and one 3-bedroom unit—alongside a convenience store, a restaurant, and a bakery occupying the ground floor. Additional features include 4 individual band spaces and 3 functional commissary kitchens, all currently rented, making this an excellent opportunity for investors seeking immediate cash flow.
    Zoned for multiple permitted uses, the possibilities here are extensive. In addition to keeping the current layout, the property is approved for a family or small home daycare, religious facilities, home occupations, single or two-family residences, bed and breakfast operations, or accessory dwelling units, all in accordance with the flexible standards of Article XII. Whether you're looking for a live/work situation or a long-term income-generating portfolio piece, this property delivers. The lot is generous and offers development potential—build your dream home separately or expand the current structure to suit your needs. With parking in both the front and rear, there's plenty of room for customers, clients, or tenants. The location, size, and diverse capabilities make this an unmatched investment opportunity ready to support a variety of business ventures or residential lifestyles. Also listed as Commercial MLS #1581679

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Location

Building Details

  • Building Area Total: 11793 sq ft
  • Number Of Units Total: 2
  • Construction Materials: Wood Siding, Concrete, Block, Wood Frame
  • Architectural Style: Other
  • Sewer: Public Sewer
  • Heating: Hot Water, Forced Air, Baseboard
  • StoriesTotal: 2
  • Stories: 2
  • Roof: Membrane, Rolled/Hot Mop, Shingle
  • Foundation Details: Block, Concrete Perimeter
  • Levels: Multi-Level
  • Basement: , ,

Amenities & Features

  • Laundry Features: Upper Level
  • Pool Features: Above Ground
  • Electric: Circuit Breakers
  • Flooring: Vinyl, Tile, Laminate, Concrete, Carpet
  • Utilities: Utilities On
  • Parking Features: 11 - 20 Spaces, Paved, On Site
  • Garage Spaces: 0
  • WaterSource: Public
  • Interior Features: Bathtub, Shower, Storage
  • Lot Features: Open, Level, Near Shopping, Near Turnpike/Interstate
  • Cooling: Wall/Window Unit(s), Heat Pump

Fees & Taxes

  • Gross Income: $39,325

School Information

  • High School District: Lewiston Public Schools

Miscellaneous

  • Road Surface Type: Paved
  • Pets Allowed: No Restrictions

Courtesy of

  • List Office Name: Better Homes & Gardens Real Estate/The Masiello Group

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