681 Lisbon St

Retail-Commercial for Sale
Catylist Listing ID: 30857049
Property Subtypes: Vehicle Related
Building Size (RSF): 6,500 SF
Gross Building Area: See Agent
Gross Land Area: 1.29 Acres
Sale Price: $499,000
Unit Price: $76.77 PSF
Property Use Type: Investment, Business
Building Name: Grimmel's Auto Sales & Service
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/21/2024

Overview / Comments

Opportunity to own a highly visible Income Property including 3 parcels; 677, 681, & 685 Lisbon Street.

One parcel is a vacant lot ideal for used car sales or development, second is a 2 bay auto repair shop, and third is a large cold storage building with high bay doors and 20'+ ceiling.

Currently occupied by lessee selling and repairing cars with two leases generating $48,000 per year.

- Positive cash flow
- High visibility
-310 feet of road frontage
-2 Bay auto repair garage
-16,400 average cars per day
-Steel frame with wood cold storage building with 14' overhead doors
-No underground tanks - Removals recorded with Maine DEP
-Owner retiring

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Tax ID/APN: 01050_197/000/041
Zoning: M - MILL ZONE
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: Lisbon St
Feet of Frontage: 310
Traffic/Vehicle Count: 16,400
Highway Access: I95
Airports: Auburn/Lewiston Municipal Airport
Site Description: This property sits at the entry to downtown Lewiston. This site is convenient to commuters as well as residents in the area. Current business has been operating successfully operating for 80 years. NOTE: All fuel tanks have been removed and certified by the Maine DEP.
Area Description: Urban setting with mixed residential and business
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Roof Type: Other
Parking Type: Surface
Sprinklers: None
Heat Type: Oil
Internet Access: Cable
Zoning Description: Mill Zone
Lot Frontage: 310
Lot Depth: Variable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,846 48,932 61,525
Median Age: 33.88 37.14 38.51
Households: 7,676 20,804 25,977


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