13-unit Mixed Use Property

For Sale

197 Lisbon St, Lewiston, ME 04240

This Lewiston property for sale is located at 197 Lisbon St. The current listed sale price for 13-unit Mixed Use Property is $2,385,000. 13-unit Mixed Use Property is situated on a lot that is 0.12 acre in size.

Contacts

broker
Noah Stebbins

The Boulos Company

Property Details

  • Property Type Multi-Family
  • Property Size 25,000 SF
  • Units 13
  • Lot Size 0.12 Acre
  • Year Built 1883
  • Date Updated Mar 27, 2025
Located in the heart of Downtown LewistonLuxury 13-unit mixed use property located in the heart of Downtown Lewiston.
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Highlights

  • The property was completely gutted & remodeled in 2021, featuring one (1) 4,257± SF first-floor retail/office space, six (6) one (1) bedroom, & six (6) two (2) bedroom luxury apartment units. A portion of the basement is finished and could be rented for additional income.
  • Lewiston’s commercial real estate market is experiencing robust growth, with new developments and motivated city officials working to transform the downtown area. This property offers an excellent opportunity for investors to take advantage of the city’s upward trajectory.
  • Credit Enhancement Agreement is transferable with the consent of the City Administrator, so long as the new owner maintains and operates the building in the same manner and spirit as current owner. $27,108.28 of the $100,000 maximum reimbursement has been paid as of March 2025.

Getting around

  • 86/100

    Walk Score ®

  • 59/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Lewiston, ME
  • Zip Code 04240
  • Market Portland ME

Points of Interest

  • Citgo

    0.33 miles

  • 7-Eleven

    0.54 miles

  • Irving

    0.68 miles

  • Mobil

    1.40 miles

  • Walmart

    1.93 miles

  • BJ’s Gas

    2.08 miles

  • Irving / Circle K

    4.89 miles

  • Chestnut Street Parking Garage

    0.19 miles

  • Lincoln Street Parking Garage

    0.19 miles

  • Park Street Parking Garage

    0.20 miles

  • Southern Gateway Parking Garage

    0.29 miles

  • Page Parking Lot

    1.05 miles

  • Merril Secondary Parking Lot

    1.08 miles

  • Merril Parking Lot

    1.20 miles

  • Whitholm Farm Plaza

    1.79 miles

  • Park and Ride

    1.96 miles

  • Thorncrag

    2.05 miles

  • Hampton

    0.24 miles

  • Hilton Garden Inn Auburn Riverwatch

    0.46 miles

  • The Munroe Inn

    0.60 miles

  • America's Best Value Inn

    1.05 miles

  • Residence Inn

    1.87 miles

  • Ramada Inn

    2.19 miles

  • JFM Homes

    5.77 miles

  • Poland Spring Resort - The Maine Inn

    8.63 miles

  • Poland Spring Resort - The Presidential Inn

    8.78 miles

  • Gohen Super Market

    0.25 miles

  • Nasri Grocery Store

    0.28 miles

  • Hannaford

    0.66 miles

  • Save-A-Lot

    0.87 miles

  • Lewiston Mall

    0.88 miles

  • Shaw's

    1.04 miles

  • Walmart Supercenter

    1.92 miles

  • Auburn Mall

    1.94 miles

  • Target

    2.02 miles

  • Kohl's

    2.16 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Noah Stebbins

The Boulos Company

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