Price Reduced 26.67%


Price History

$750,000
2/22/2024

$695,000
10/31/2024

$650,000
4/16/2025

$550,000
9/15/2025


715 Webster Street, Lewiston, ME, 04240

715 Webster Street, Lewiston, ME, 04240

3 Full baths

1975

Other

11,793 sqft

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 a variety of business ventures or residential lifestyles. Also listed as Commercial MLS #1581679


Status:

Active

Type:

Multi-family

Laundry Remarks:

Upper Level

Units:

2

Zoning:

NCA

Frontage:

111

Heating:

Hot Water, Forced Air, Baseboard

Cooling:

Wall/Window Unit(s), Heat Pump

Basement:

Interior, Full, Unfinished

Levels:

2

Parking:

11 - 20 Spaces, Paved, On Site

Acreage:

1.24

Est. Taxes:

$8,239

Construction

Wood Siding, Concrete, Block, Wood Frame

Utilities

Utilities On

Lot Description:

Open, Level, Near Shopping, Near Turnpike/Interstate

Amenities:

Bathtub, Shower, Storage

Pet Policy:

No Restrictions

Pool:

Above Ground

MLS #:

1582751


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of Better Homes & Gardens Real Estate/The Masiello Group