415 Lisbon St - Office FOR SALE


Lewiston, ME 04240
$1,050,000 USD
207-744-3084
415 Lisbon St, Lewiston, ME for Sale
$1,050,000 USD
Office - FOR SALE
1/13
null | 7.98% Cap Rate

415 Lisbon St
Lewiston, ME 04240


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$47 USD /SF

CAP RATE

7.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Key Bank Business Service Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

Centreville

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Josh SoleyCOREMore Info
207-744-3084

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Josh SoleyCOREMore Info
207-744-3084

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.