59 Park StLewiston, ME 04240

Property Details for 59 Park St

Year built

1971

Lot size

0.09 AC

Property size (Sq ft)

5,920 SF

Property type

Retail properties

Property subtype

Retail space

APN

LEWI M:207 L:071

APU

LEWIM207L071

Description

This exceptional 5,920 square foot retail or restaurant space is ideally situated in the vibrant heart of Downtown Lewiston, Maine. Boasting a highly desirable storefront presence, this property benefits from excellent visibility and significant foot traffic. Its strategic location directly across the street from the Lewiston Municipal Parking Lot ensures convenient access for customers and employees. The spacious and versatile interior offers ample room for a variety of commercial uses. The surrounding area is thriving, with a mix of established retailers, restaurants, and office spaces, creating a dynamic and supportive business environment. The property sits on a 0.09-acre lot, providing convenient access and potential for outdoor seating or signage (subject to local regulations). This is a rare opportunity to acquire a well-positioned commercial property in a rapidly growing downtown area. The asking price for this exceptional space is $215,000. This property is ready for immediate occupancy and presents a significant opportunity for a discerning investor or business owner seeking a prime location in a bustling urban center. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,438,767

  6.5%

  $1,328,092

  7%

  $1,233,229

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,949,238

  Geo Method

  $1,949,238

• Alternative Use

  Use

  Valuation

  Residential

  $1,120,296

  Hospitality

  $1,026,185

  Educational

  $853,774

  Medical

  $883,136

  Retail

  $1,328,092

Location Insight

City

Lewiston

County

Androscoggin

State

Maine

Latitude

44.0974

Longitude

-70.2168

CBSA code

30340

CBSA name

LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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