Investment Opportunity - Fully Leased Office Condominiums

Office for Sale
Catylist Listing ID: 30465637
Property Subtypes: Office Building
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.11 Acres
Sale Price: $305,000 - 365,000
Unit Price: $61 - 73 PSF
Property Use Type: Investment
Building Name: 415 Lisbon Street Condominiums
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/20/2021

Overview / Comments

Two fully leased, downtown Class A office condominiums For Sale

5,000± SF in each condominium

Located in the Southern Gateway of Lewiston, adjacent to the municipal parking garage

Home of L/A Metro Chamber of Commerce, CES, Merrill Lynch, Canusa Corp and LePage Bakeries

Area businesses include FirstLight Fiber, Northeast, Bank, Purdue University Global, Marden’s Distribution Center, and Bilodeau Insurance

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Taxing Authority: City of Lewiston
Tax ID/APN: 196/000/336
Property Located Between: Lisbon Street and Canal Street
Property Visibility: Excellent
Airports: Auburn Lewiston Airport
Total Number of Buildings: 1
Number of Stories: 4
Typical SF / Floor: 5,000 SF
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Other
Parking Description: The condos are adjacent to the municipal Southern Gateway Parking Garage
Sprinklers: Dry
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Centreville District
Lot Frontage: 59
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Book 8629 Pages 81 & 84

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,526 46,552 61,525
Median Age: 32.52 36.65 38.51
Households: 8,847 19,844 25,977


Photograph of Listing Agent

Noah Stebbins

The Boulos Company
NECPE Member
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