Class A Office Building

Office for Sale
Catylist Listing ID: 30343684
Property Subtypes: Office Building
Building Size (RSF): 21,540 SF
Gross Building Area: 38,361 SF
Gross Land Area: 0.38 Acres
Sale Price: $3,000,000
Unit Price: $139.28 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: 64 Lisbon
Class of Space: Class A
Usable Size (USF): 21,540 SF
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Average Occupancy Rate: 100
Last Updated: 12/15/2018

Overview / Comments

Porta & Co is pleased to exclusively offer for sale 64 Lisbon Street in downtown Lewiston, Maine. 64 Lisbon Street is a fully occupied Class A office building with 21,540 +/- of rentable square feet. The property was totally reconstructed in 2013 and has long term leases with three tenants: Argo Contact Centers, Spurwink, and Complete Labor Staffing. The property has a going in cap rate of 10%. It is strategically located next to the Lewiston District Court, Dufresne Plaza, and a public parking garage. Ideal property for a 1031 exchange or investor looking for a stable long term return on their capital. Please contact the broker for more information and a property tour.

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Taxing Authority: Lewiston
Tax ID/APN: 207/000/073
Zoning: COMMERCIAL
Property Visibility: Excellent
Highway Access: I-95
Area Description: Lewiston is the second largest city in Maine and the most central city in Androscoggin County. The city borders the coastal sideways of the Gulf of Maine and is south of Augusta, the state's capital, and north of Portland, the cultural hub of Maine.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1911
Year Renovated: 2013
Roof Type: Flat
Construction/Siding: Metal Siding
Exterior Description: Brick and Metal
Parking Type: Structure
Parking Description: Public Parking Garage
Passenger Elevators: 1
Sprinklers: Wet
Interior Description: Class A Office
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,532 46,552 59,530
Median Age: 31.39 36.65 38.35
Households: 8,817 19,844 25,186

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