About this home
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.
Listing last checked: Listing updated:
Listed by Listing Agent · CORE · MLS #1656282
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Details at a glance
Building3 property facts
- Style
- Office
- Year built
- 1900
- Foundation
- Granite
Land & utilities4 property facts
- Lot size
- 0.11 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- CV
Financial3 property facts
- Annual taxes
- $6,720
- Assessment year
- 2025
- HOA fee
- $1 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $1,050,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$5,869 / monthAdjust
- Principal & interest
- $5,309
- Property tax
- $560
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $6,720. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $1. The billing period was not supplied; confirm the monthly amount before adding it.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 415 Lisbon Street
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Request a tour of 415 Lisbon Street and a Bean Group agent will help coordinate an available time with the listing side.
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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