248 Blake StLewiston, ME 04240

Property Details for 248 Blake St

Year built

1946

Lot size

0.32 AC

Property size (Sq ft)

5,120 SF

Property type

Retail properties

Property subtype

Retail space

APN

LEWI M:196 L:208

APU

LEWIM196L208

Description

This exceptional retail opportunity in Lewiston, Maine presents a unique chance to acquire a well-established and profitable business. Located at 248 Blake Street, this property encompasses a 5,120 square foot building situated on a 0.32-acre lot. The property includes the land, building, and the existing, successful Dee's Market, a neighborhood staple known for its grocery and deli offerings. The sale includes all existing deli equipment and store fixtures, allowing for a seamless transition for the new owner. The business benefits from its prime location within a high-traffic neighborhood, ensuring a consistent customer base. A significant advantage is the full, dry basement, providing ample storage space for inventory and supplies. This turnkey operation offers immediate income potential and a strong foundation for continued growth. The asking price for this exceptional property is $325,000. This is a rare opportunity to own a thriving business and valuable real estate in a desirable Lewiston location. The combination of a successful business and prime real estate makes this an attractive investment for entrepreneurs and savvy investors alike. Don't miss this chance to own a piece of Lewiston's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,244,339

  6.5%

  $1,148,620

  7%

  $1,066,576

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,685,828

  Geo Method

  $1,685,828

• Alternative Use

  Use

  Valuation

  Residential

  $968,904

  Hospitality

  $887,511

  Educational

  $738,399

  Medical

  $763,794

  Retail

  $1,148,620

Location Insight

City

Lewiston

County

Androscoggin

State

Maine

Latitude

44.0922

Longitude

-70.2097

CBSA code

30340

CBSA name

LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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