715 Webster Street, Lewiston, ME 04240
$550,000
Property Type:
Multi-Family
Baths:
3
Square Footage:
11,793
Lot Size (sq. ft.):
54,014
Status:
Active
Current Price:
$550,000
List Date:
3/01/2026
Last Modified:
3/15/2026
Description
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
Supplements: ********
More Information MLS# 1582751
Location Information
Book: 9942
Leased Land: No
Page: 139
Map: 123
Lot: 060
Zoning Overlay: Unknown
Association: No
School District: Lewiston Public Schools
Tree Growth Y/N: No
Street #: 715
Street Name: Webster
Street Type: Street
County: Androscoggin
Town: Lewiston
State/Province: ME
Zip Code: 04240
Zip +4: 1649
Zoning: NCA
Full Tax Amount $: 8239
Tax Year: 2022
Geo Lat: 44.082503
Geo Lon: -70.171884
Property Information
Surveyed: No
Seasonal: No
Owner Occupied: Yes
Number of Units: 2
Deed/Conveyance Type Offered: Warranty
Deed: All
Deed Restrictions: Unknown
Lot Size Acres +/-: 1.24
Total Baths: 3
Total Half Baths: 0
Color: Tan
Road Frontage: Yes
Road Frontage +/-: 111
Source of Road Frontage: Public Records
SqFt Finished Above Grade: 11793
SqFt Finished Below Grade: 0
SqFt Source: Public Records
Garage: No
Garage Spaces: 0
Total Full Baths: 3
Year Built: 1975
SqFt Finished Total: 11793
Source of Acreage: Public Records
Levels
Multi-Level: 1
Site
Level: 1
Open: 1
Location
Near Shopping: 1
Near Turnpike/Interstate: 1
Roads
Paved: 1
Public: 1
Transportation
Major Road Access: 1
Water Info
Water Frontage: No
Water View: No
Style
Other: 1
Construction
Wood Frame: 1
Basement
Full: 1
Unfinished: 1
Foundation Materials
Block: 1
Poured Concrete: 1
Exterior
Block: 1
Concrete: 1
Wood Siding: 1
Roof
Membrane: 1
Rolled/Hot Mop: 1
Shingle: 1
Heat System
Baseboard: 1
Forced Air: 1
Hot Water: 1
Building Info
# Stories: 2
# Floors: 2
# Heating Units: 1
# Water Heaters: 1
Heat Fuel
Oil: 1
Income & Expenses
Gross Income: 39325
Operating Expenses: 36704
Cooling
Heat Pump: 1
Wall/Window Unit(s): 1
Floors
Carpet: 1
Concrete: 1
Laminate: 1
Tile: 1
Vinyl: 1
Accessibilitiy Amenities
Level Entry: 1
Units
# of 1 BD Units: 1
# of 3 BD Units: 1
Parking
11 - 20 Spaces: 1
On Site: 1
Paved: 1
Unit 1
Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 875
# Full Baths: 2
# of Rooms: 3
# of Bedrooms: 1
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric
Circuit Breakers: 1
Unit 2
Lease: Yes
Level: Second
Security Deposit: No
Monthly Rent: 0
# Full Baths: 1
# of Rooms: 6
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Utilities
Utilities On: Yes
Gas
Bottled: 1
Sewer
Public Sewer: 1
Water
Public: 1
Driveway
Paved: 1
Restrictions
No Restrictions: 1
Basement Entry
Interior: 1
Water Heater
Off Heating System: 1
Amenities
Bathtub: 1
Laundry - 2nd Floor: 1
Pool-Above Ground: 1
Shower: 1
Storage: 1
Equipment
Internet Access Available: 1
Vehicle Storage
No Vehicle Storage: 1
Contract Information
Status: Active
Original List Price: 750000
List Price: $550,000
Current Price: $550,000
Property Features
Site: Level; Open
Location: Near Shopping; Near Turnpike/Interstate
Roads: Paved; Public
Transportation: Major Road Access
Style: Other
Levels: Multi-Level
Construction: Wood Frame
Basement: Full; Unfinished
Basement Entry: Interior
Foundation Materials: Block; Poured Concrete
Exterior: Block; Concrete; Wood Siding
Roof: Membrane; Rolled/Hot Mop; Shingle
Heat System: Baseboard; Forced Air; Hot Water
Heat Fuel: Oil
Water Heater: Off Heating System
Cooling: Heat Pump; Wall/Window Unit(s)
Floors: Carpet; Concrete; Laminate; Tile; Vinyl
Amenities: Bathtub; Laundry - 2nd Floor; Pool-Above Ground; Shower; Storage
Equipment: Internet Access Available
Driveway: Paved
Parking: 11 - 20 Spaces; On Site; Paved
Vehicle Storage: No Vehicle Storage
Restrictions: No Restrictions
Electric: Circuit Breakers
Gas: Bottled
Sewer: Public Sewer
Water: Public
Documents
Disclosures and other ›
Listing Office:
Better Homes & Gardens Real Estate/The Masiello Group
IDX
Last Updated: March - 15 - 2026
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 ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.