675 Main St - Freestanding FOR SALE


Lewiston, ME 04240
$4,350,000 USD
207-899-7373
675 Main St, Lewiston, ME for Sale
$4,350,000 USD
Freestanding - FOR SALE
1/16
null | 10.05% Cap Rate

675 Main St
Lewiston, ME 04240


HIGHLIGHTS

  • Retail/Mixed-Use Investment
  • 16 Tenants & 1 Land Lease
  • 10% CAP

OVERVIEW

• Asking Price: $4,350,000 • Expenses: $157,727.57 • NOI: $437,036.43 • 10% CAP We are pleased to offer the Marketplace Mall, a highly visible retail center, for sale. The site consists of a 53,149± SF strip center on 5.32± acres, and an additional land leased building. The center has 22 units with 16 tenants, and only one vacant unit. The tenants include a mix of retail, service, office and industrial users. The land lease is with Sam’s Italian Foods, a popular regional restaurant. This investment opportunity is highly visible, located along Route 202/Main Street. The Marketplace Mall is located at a lighted intersection on an immensely busy retail and commuter corridor of Lewiston. This route flows directly into both downtown Lewiston and Auburn, and is in close proximity to Bates College.

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$89 USD /SF

CAP RATE

10.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Market Place

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

5.32 AC

LAND SF

231,739 SF

ZONING

CB & NCA

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Joe AtwoodThe Dunham GroupMore Info
207-899-7373

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Joe AtwoodThe Dunham GroupMore Info
207-899-7373

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