1176 Lisbon Street, Lewiston, ME 04240

$3,404,000

Property Type: Commercial Square Footage: 26,912 Lot Size (sq. ft.): 135,907 Status: Closed

Current Price: $3,404,000 List Date: 10/21/2021 Last Modified: 1/10/2025

Overview

Description

The Grandview Apartments consists of a 1,111± SF Cape-style, 3-bedroom home, and a 26,912± SF, 37-unit apartment complex. The property is 100% occupied and has been family owned and operated for over 40 years. Its location just off Exit 80 of the Maine Turnpike in addition to the major bus stops at each entrance to the property offers convenient and easy access for tenants. • 100% occupied value add opportunity • Family owned and operated for over 40 years with only one previous owner • Immediate access to Maine Turnpike Exit 80 • Surrounded by national/local retailers with bus stops at each entrance • Lewiston is the second largest city in Maine located halfway between Augusta and Portland.

Listing Details MLS# 1512713

Location Information

Street #: 1176
Street Name: Lisbon
Street Type: Street
County: Androscoggin
Town: Lewiston
State/Province: ME
Zip Code: 04240
Zip +4: 5062
Leased Land: No
Book: 7870
Page: 213
Map: 150
Lot: 291
Zoning: HB
Zoning Overlay: Unknown
Full Tax Amount $: 28624
Tax Year: 2021
Association Y/N: No

Contract Information

Original List Price: 3199000

Property Information

Primary Use: Multi Family
Surveyed: Unknown
Year Built: 1967
Tenancy: Multiple Tenants
Total # Floors: 2
SqFt Finished Total: 26912
Lot Size Acres +/-: 3.12

Status Change Info

Pending Date: 2021-11-08
Closed Date: 2021-12-23
Closed Price: 3404000

Water Info

Water Frontage: No

Location

Bus Line: Yes
Business District: Yes
Near Shopping: Yes
Near Turnpike/Interstate: Yes
Public Transport Access: Yes

More Information

Property Uses

Commercial: Yes
Other: Yes

Construction

Wood Frame: Yes

Roof

Pitched: Yes

Heat System

Hot Water: Yes

Heat Fuel

Gas Natural: Yes

Cooling

None: Yes

Floors

Wood: Yes

Parking

21+ Spaces: Yes
On Site: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Sold Terms Other

Arms Length: Yes

Property Features

Location: Bus Line; Business District; Near Shopping; Near Turnpike/Interstate; Public Transport Access Construction: Wood Frame Property Uses: Commercial; Other Roof: Pitched Heat System: Hot Water Heat Fuel: Gas Natural Cooling: None Floors: Wood Parking: 21+ Spaces; On Site Sewer: Public Sewer Water: Public Sold Terms Other: Arms Length

Documents

Property Disclosure Public Access ›

Lead Paint Addendum Public Access ›

IDX

Listing Office: The Boulos Company

Selling Office: Fontaine Family-The Real Estate Leader

Last Updated: January - 10 - 2025

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.