415 Lisbon St, Lewiston, ME 04240
- $1,050,000
- 5,000
- SqFt
Listing courtesy of CORE.
- List Price
- $1,050,000
- MLS#
- 1656282
- Status
- ACTIVE
- Type
- Commercial
- City
- Lewiston
- County
- Androscoggin
- Living Area
- 5,000
- Lot Size
- 4,791
- Year Built
- 1900
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.
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Additional Information
- Living Area
- 5,000
- Water
- Public
- Year Built
- 1900
- Acres
- 0.11
- Foundation
- Granite
- Courtesy Of Listing Office
- CORE
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