715 Webster Street, Lewiston, ME 04240

$550,000
Property Type: Commercial Square Footage: 11,793 Lot Size (sq. ft.): 54,014 Status: Active
Current Price: $550,000 List Date: 3/01/2026 Last Modified: 3/23/2026

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. LEASE OPTION FOR BAKERY, CONVENIENCE STORE, RESTAURANT AND DINING ROOM INCLUDING COLD AND DRY STORAGE $3,000 PER MONTH PLUS UTILITIES Also listed as MLS 1582751

Supplements: ********

More Information MLS# 1581679

Location Information

Street #: 715 Street Name: Webster Street Type: Street County: Androscoggin Town: Lewiston State/Province: ME Zip Code: 04240 Zip +4: 1649 Leased Land: No Book: 9942 Page: 139 Map: 123 Lot: 060 Zoning: NCA Zoning Overlay: Unknown Full Tax Amount $: 8239 Tax Year: 2022 Tree Growth Y/N: No Association Y/N: No Geo Lat: 44.082503 Geo Lon: -70.171884

Contract Information

Status: Active Original List Price: 750000 List Price: $550,000 Current Price: $550,000

Property Information

Primary Use: Mixed Use Surveyed: No Deed/Conveyance Type Offered: Warranty Deed: All Deed Restrictions: Unknown Bank Owned REO: No Year Built: 1975 Tenancy: Multiple Tenants Leases: No Total # Floors: 2 SqFt Finished Total: 11793 Lot Size Acres +/-: 1.24 Road Frontage +/-: 111

Commercial Bldg Information

Confidentiality Statement: No Total Units: 3

Water Info

Water Frontage: No

Property Features

Location: Near Shopping; Near Turnpike/Interstate Construction: Wood Frame Property Uses: Convenience Store; Restaurant Basement: Full; Unfinished 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 Cooling: Heat Pump; Wall/Window Unit(s) Floors: Carpet; Concrete; Laminate; Tile; Vinyl Building Features: Internet Access Available; Storage Parking: 11 - 20 Spaces; On Site; Paved Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public
Listing Office: Better Homes & Gardens Real Estate/The Masiello Group
Last Updated: March - 23 - 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.

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