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