88 Russell Street, Lewiston, ME 04240
$644,900
Property Type:
Commercial
Square Footage:
5,393
Lot Size (sq. ft.):
6,970
Status:
Active
Current Price:
$644,900
List Date:
7/15/2025
Last Modified:
11/05/2025
Description
Prime Investment Opportunity - 4-Unit Multi-Family + Convenience Store Near Bates College. Exceptional location just steps from Bates College! This mixed-use property features four residential units plus an on-site convenience store—perfectly positioned to serve the high-demand student and local market. Income Potential: Rents are currently below market, offering immediate upside for investors. Flexible Use: Ideal for a value-add rehab to maximize rental income—or move-in ready for owner-occupants or tenants. High Visibility: Located in a walkable neighborhood with consistent foot traffic from the college community. Student Appeal: Tap into steady demand from Bates College students, faculty, and staff. Whether you're looking to renovate for increased returns or take advantage of strong existing cash flow, this property is a rare find with unlimited potential.
Supplements: ********
More Information MLS# 1630508
Location Information
Book: 9424
Leased Land: No
Page: 36
Map: 172
Lot: 269
Zoning Overlay: No
Tree Growth Y/N: No
Association Y/N: No
Street #: 88
Street Name: Russell
Street Type: Street
County: Androscoggin
Town: Lewiston
State/Province: ME
Zip Code: 04240
Zip +4: 6003
Zoning: NCA
Full Tax Amount $: 5337
Tax Year: 2024
Geo Lat: 44.108356
Geo Lon: -70.200772
Property Information
Primary Use: Mixed Use
Surveyed: Unknown
Lot Size Acres +/-: 0.16
Year Built: 1900
SqFt Finished Total: 5393
Commercial Bldg Information
Total Units: 5
Property Uses
Convenience Store: 1
Construction
Wood Frame: 1
Basement
Full: 1
Unfinished: 1
Foundation Materials
Poured Concrete: 1
Exterior
Aluminum Siding: 1
Vinyl Siding: 1
Roof
Shingle: 1
Heat System
Direct Vent Furnace: 1
Heat Fuel
Gas Natural: 1
Cooling
None: 1
Floors
Carpet: 1
Laminate: 1
Vinyl: 1
Parking
1 - 4 Spaces: 1
On Street: 1
Electric
Circuit Breakers: 1
Gas
Natural - On Site: 1
Sewer
Public Sewer: 1
Water
Public: 1
Contract Information
Status: Active
Original List Price: 665000
List Price: $644,900
Current Price: $644,900
Property Features
Construction: Wood Frame
Property Uses: Convenience Store
Basement: Full; Unfinished
Foundation Materials: Poured Concrete
Exterior: Aluminum Siding; Vinyl Siding
Roof: Shingle
Heat System: Direct Vent Furnace
Heat Fuel: Gas Natural
Cooling: None
Floors: Carpet; Laminate; Vinyl
Parking: 1 - 4 Spaces; On Street
Electric: Circuit Breakers
Gas: Natural - On Site
Sewer: Public Sewer
Water: Public
Documents
Income and Expense ›
Listing Office:
Keller Williams Realty
IDX
Last Updated: November - 05 - 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 ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.