715 Webster Street, Lewiston, ME 04240 (MLS # 1582751)

Price $550,000
Status Active
Beds 0
Baths 3 Baths
Home size 11,793 sqft
Lot Size 1.24 ac
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
Property Type(s): Multi Family
Last Updated 9/15/2025 Year Built 1975
County Androscoggin

Additional Details

AIR Heat Pump, Wall/Window Unit(s)
AIR CONDITIONING Yes
BASEMENT Full, Unfinished, Yes
CONSTRUCTION Block, Concrete, Wood Siding
HEAT Baseboard, Forced Air, Hot Water
INTERIOR Storage
LOT 1.24 acre(s)
LOT DESCRIPTION Level
MLS STATUS Active
PARKING Paved, On Site
POOL DESCRIPTION Above Ground
SEWER Public Sewer
STORIES 2
STYLE Other
TAXES 8239
WATER Public
Listing provided by Better Homes & Gardens Real Estate/The Masiello Group

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