2 Lisbon StLewiston, ME 04240

Property Details for 2 Lisbon St

Year built

1896

Lot size

0.04 AC

Property size (Sq ft)

8,144 SF

Property type

Retail properties

Property subtype

Retail space

APN

LEWI M:207 L:079

APU

LEWIM207L079

Description

This exceptional retail opportunity presents 1,800 square feet of prime commercial space located within the historic Central Block building at 2 Lisbon Street, Lewiston, Maine. Situated on the highly visible corner of Lisbon and Main Streets, this property offers unparalleled visibility and accessibility. The space, previously occupied by J. Dostie Jewelers since 1964, is now available for lease. The building itself boasts a rich history, dating back to 1896, and comprises a total of 8,144 square feet across three stories. This specific unit offers 1,808 square feet on the first floor, complemented by a full basement and a 172-square-foot mezzanine, providing ample storage and potential for expansion. The property sits on a 0.04-acre lot and is zoned for Centreville District use. The building consists of one structure and features a single-tenant occupancy. The lease rate is $23.50 per square foot, NNN. This is a rare chance to establish a business in a landmark building in a coveted Lewiston location. The property's APN is M207L079, and it is located in Androscoggin County. Don't miss this chance to secure a piece of Lewiston's vibrant history.

• CAP approach

  CAP return

  Valuation

  6%

  $1,979,276

  6.5%

  $1,827,024

  7%

  $1,696,522

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,681,520

  Geo Method

  $2,681,520

• Alternative Use

  Use

  Valuation

  Residential

  $1,541,163

  Hospitality

  $1,411,697

  Educational

  $1,174,516

  Medical

  $1,214,909

  Retail

  $1,827,024

Location Insight

City

Lewiston

County

Androscoggin

State

Maine

Latitude

44.0986

Longitude

-70.2179

CBSA code

30340

CBSA name

LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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