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Listed by Charles Hippler IV CORE
$ 1,050,000
Est. payment /mo
Active
415 Lisbon ST Lewiston, ME 04240
5,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $210
MLS Listing ID 1656282
HOA Fees $1/ann
HOA Y/N Yes
Year Built 1900
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Office
Source Maine Listings
Land Area 5000
Property Description
CORE is pleased to present Units 2 & 3 at 415 Lisbon Street in Lewiston, Maine. The subject is a stabilized office investment opportunity offered at an 8.0% capitalization rate with a current NOI of $83,762.
The units being offered for sale occupy a portion of The Business Service Center, a historically significant Lisbon Street landmark and one of Lewiston's premier Class A office addresses. The building, formerly home to Maine Business Supply Company, has been repositioned as a professional office destination serving the region's top-tier commercial tenants.
Units 2 & 3 are fully leased to three creditworthy tenants: Merrill Lynch, Haley Ward, and Canusa Corporation, providing an investor with immediate, in-place income backed by established occupants.
At $1,050,000, this offering represents a compelling entry point into Lewiston's Class A office market with day-one cash flow and a tenancy profile that speaks to the quality of the asset.
The units being offered for sale occupy a portion of The Business Service Center, a historically significant Lisbon Street landmark and one of Lewiston's premier Class A office addresses. The building, formerly home to Maine Business Supply Company, has been repositioned as a professional office destination serving the region's top-tier commercial tenants.
Units 2 & 3 are fully leased to three creditworthy tenants: Merrill Lynch, Haley Ward, and Canusa Corporation, providing an investor with immediate, in-place income backed by established occupants.
At $1,050,000, this offering represents a compelling entry point into Lewiston's Class A office market with day-one cash flow and a tenancy profile that speaks to the quality of the asset.
Location
State ME
County Androscoggin
Zoning CV
Exterior
Parking Features Off Site, Paved, Parking Garage
Building
Lot Description Business District, Downtown
Foundation Granite
Water Public
Others
Tax ID LEWI-000196-000000-000336-020293
Nearby Locations
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Gina Lindsay
Broker Associate | License ID: BA926616
+1(207) 356-9606 | ginalindsayrealtor@gmail.com