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: 3/23/2026

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. Also listed as Commercial MLS #1581679

Supplements: ********

More Information MLS# 1582751

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 Association: No School District: Lewiston Public Schools Full Tax Amount $: 8239 Tax Year: 2022 Tree Growth 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

Surveyed: No Seasonal: No Owner Occupied: Yes Deed/Conveyance Type Offered: Warranty Deed: All Deed Restrictions: Unknown Number of Units: 2 Total Baths: 3 Total Full Baths: 3 Color: Tan Year Built: 1975 SqFt Finished Above Grade: 11793 SqFt Finished Total: 11793 SqFt Source: Public Records Garage: No Lot Size Acres +/-: 1.24 Source of Acreage: Public Records Road Frontage: Yes Road Frontage +/-: 111 Source of Road Frontage: Public Records

Water Info

Water Frontage: No Water View: No

Building Info

# Stories: 2 # Floors: 2 # Heating Units: 1 # Water Heaters: 1

Units

# of 1 BD Units: 1 # of 3 BD Units: 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

Unit 2

Lease: Yes Level: Second Security Deposit: No # 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

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
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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