Net Leased Retail Investment Property

Retail-Commercial for Sale
Catylist Listing ID: 30851556
Property Subtypes: Street Retail, Other
Building Size (RSF): 8,825 SF
Gross Building Area: See Agent
Gross Land Area: 0.98 Acres
Sale Price: $1,461,353
Unit Price: $165.59 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/26/2024

Overview / Comments

884 Lisbon Street is a multi-tenanted fully leased retail investment property in Lewiston, ME. Situated on bustling Lisbon Street, located minutes from ME Turnpike I-95 and surrounded by national/local retailers and businesses, this property offers prime visibility and convenient access to a vibrant business district. Tenants include Rent-A-Center, AAA, Hometown Nutrition, and The Lunch Table, providing investors with established long-term national and regional tenants.

8,825+/- SF, multi-tenanted retail center on 0.98+/- acre

Prime location along the Maine Turnpike corridor, while also neighboring nearby shopping centers, restaurants and residences

Traffic count of over 18,525 vehicles per day

Sale Price: $1,461,353 (6.75% Cap Rate)

Attachments & Media

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Taxing Authority: City of Lewiston
Tax ID/APN: 01050_177/000/199
Zoning: CB
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: Lisbon Street
Feet of Frontage: 145
Traffic/Vehicle Count: 185,525
Highway Access: Minutes from the Maine Turnpike
Airports: Auburn/Lewiston Municipal
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1970
Roof Type: Flat
Parking Type: Surface
Parking Description: Ample, on-site parking
Zoning Description: CB - Community Business District
Lot Frontage: 145
Legal Description: 10983/139

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,374 48,152 58,743
Median Age: 35.73 36.84 38.17
Households: 5,835 20,419 24,839

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