884 Lisbon St 8,825 SF 100% Leased Retail Building Lewiston, ME 04240 $1,395,000 ($158.07/SF) 7.07% Cap Rate
EXECUTIVE SUMMARY
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: $1,395,000 (7.07% Cap Rate)
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: $1,395,000 (7.07% Cap Rate)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,825 SF
Building Class
C
Year Built
1970
Price
$1,395,000
Price Per SF
$158.07
Cap Rate
7.07%
NOI
$98,627
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.98 AC
Zoning
CB - Commercial Business District
Frontage
147’ on Lisbon St
AMENITIES
- Pylon Sign
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | LEWI-000177-000000-000199 | Improvements Assessment | $285,370 |
| Land Assessment | $148,240 | Total Assessment | $433,610 |
