SQUARE FEET5,000
MLS#1656282
STATUSActive
PROPERTY TYPECommercial - Office
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.
Property Features
Property Type: Commercial - Office
Lot Size: 0.11 Acres
Taxes: $6,720
Year Built: 1900
Feature Descriptions
Association Fee: $1/Annually
Exterior: Masonry
Foundation: Granite
Lot: Business District, Downtown
Parking: Off Site, Paved, Parking Garage
Sewer: Public Sewer
Water: Public
Listed By / Shown By
Listed By
Agency Name: CORE
Agent Name: Charles Hippler IV
Agency Phone: 207-210-5677
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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415 Lisbon Street | MLS# 1656282
This commercial property located at 415 Lisbon Street, Lewiston, ME 04240 is currently listed for sale with an asking price of $1,050,000. Search Lewiston real estate on www.masiellogrouprealestate.com today.