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31394529
31394530

415 Lisbon St, Lewiston, ME 04240

CH
ME SA 927061
CORE
Listed by CORE
$1,050,000
67 days on market
Updated 58 days ago

Condos for Sale | Business Service Center

Details
Property Type Office
Sub Type Traditional Office
Net Rentable (SqFt) 7,045
Units 2
Cap Rate 8.00%
NOI $83,763
Occupancy 100%
Class A
Year Built 1911
Year Renovated 2007, 2025
Buildings 1
Investment Type Institutional

Office | 8.00% CAP

Marketing 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.

*Additional marketing material to be added

Listing Contacts

CH
ME SA 927061
CORE
Listed by CORE

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$83,763.00
$6,980.25/mo

Valuation Metrics

0
DSCR
7.98%
Cap Rate
7.98%
ROI

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