715 Webster Street

Lewiston, ME 04240
Baths
3
Square Ft.
11,793
$550,000
INVESTMENT OPPORTUNITY! Incredible investment opportunity offering flexible multi-use space and a variety of income streams! This expansive property boasts over 11,000 square feet and is currently configured with two residential units—one 1-bedroom unit and one 3-bedroom unit—alongside a convenience store, a restaurant, and a bakery occupying the ground floor. Additional features include 4 individual band spaces and 3 functional commissary kitchens, all currently rented, making this an excellent opportunity for investors seeking immediate cash flow. Zoned for multiple permitted uses, the possibilities here are extensive. In addition to keeping the current layout, the property is approved for a family or small home daycare, religious facilities, home occupations, single or two-family residences, bed and breakfast operations, or accessory dwelling units, all in accordance with the flexible standards of Article XII. Whether you're looking for a live/work situation or a long-term income-generating portfolio piece, this property delivers. The lot is generous and offers development potential—build your dream home separately or expand the current structure to suit your needs. With parking in both the front and rear, there's plenty of room for customers, clients, or tenants. The location, size, and diverse capabilities make this an unmatched investment opportunity ready to support aRead MoreRead Less
Market LogoCourtesy of Better Homes & Gardens Real Estate/The Masiello Group 207-782-8311
Listing Snapshot
Days Online
635
Last Updated
Full Baths
3
Square Ft.
11,793
Lot Size
1.24 Acres
Year Built
1975
MLS Number
1582751
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Full", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 11,793, Construction Materials: "Wood Siding", "Concrete", "Block", "Wood Frame", Number Of Units Total: 2, Year Built: 1975, 2 stories, 2 total stories
Cooling
Cooling Included, Cooling: "Wall/Window Unit(s)", "Heat Pump"
Accessibility Features
Accessibility Features: "Level Entry"
Expenses
Operating Expense: $36,704
Exterior Features
Other Equipment: "Internet Access Available"
Floors
Flooring: "Vinyl", "Tile", "Laminate", "Concrete", "Carpet"
Foundation
Foundation Details: "Block", "Concrete Perimeter"
Heating
Heating: "Hot Water", "Forced Air", "Baseboard", Heating Included
Income
Gross Income: $39,325
Interior Features
Features: "Bathtub", "Shower", "Storage"
Laundry
Features: "Upper Level"
Lot
Features: "Open", "Level", "Near Shopping", "Near Turnpike/Interstate", 1.24 acres, Area: 1.24, 54,014 square feet
Parking
Features: "11 - 20 Spaces", "Paved", "On Site"
Pets Policy
Pets Allowed: "No Restrictions"
Pool
Features: "Above Ground"
Property
Occupant Type: "Owner", Parcel Number: LEWI-000123-000000-000060, Zoning: NCA
Roof
Roof: "Membrane", "Rolled/Hot Mop", "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $8,239, Tax Lot: 060
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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30 Days Snapshot Of 04240
$306k
+4%
(avg) sold price
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homes sold
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.