55 Middle St & 26 Chapel St

Special Purpose for Sale
Catylist Listing ID: 30872968
Building Status: Proposed
Building Size (RSF): 106,800 SF
Gross Building Area: See Agent
Gross Land Area: 0.70 Acres
Sale Price: $3,000,000
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/15/2024

Overview / Comments

Approved 150-unit residential development project on .70± acres with TIF/Credit Enhancement Agreement in place.
Unit mix of: 106 studio units, 22, 1-bedroom units, 22, 2-bedroom units, community fitness center, and one (1) commercial space.
Six-story building consisting of 106,800± SF.
590-space parking garage on 1.25± acres.
All engineering and architectural drawings assigned to purchaser.

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Taxing Authority: City of Lewiston
Tax ID/APN: Map 206, Lot 001 & Map 207, Lot 022
Zoning: COMMERCIAL
Highway Access: Maine Turnpike
Airports: Portland International Jetport
Site Description: Directly adjacent to Central Maine Medical Center in downtown with views of the Androscoggin River. Walking distance to Lewiston and Auburn downtown businesses, amenities, and downtown celebrations such as New Year’s Auburn and the Blues Festival. Lewiston-Auburn is home to Bates College, Central Maine Community College, and University of Southern Maine. Easy access to Maine Turnpike. Part of Lewiston-Auburn’s diverse and inclusive community. Close proximity to new passenger rail terminal connecting Lewiston to Portland and Boston. Adjacent to new riverwalk with over four miles of riverfront walking/biking trails, parks, and fitness features.
Total Number of Buildings: 1
Number of Stories: 6
Parking Type: Structure
Parking Description: 590-space parking garage on 1.24 acres

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,040 47,849 59,530
Median Age: 32.21 36.87 38.35
Households: 7,647 20,394 25,186

Contact

Photograph of Listing Agent

Christopher Paszyc, CCIM, SIOR

The Boulos Company NECPE Member
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