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Active
  • $550,000

    715 Webster Street, Lewiston, ME 04240

    4beds
    11,793sqft
    : 
    Multi Family
    Built in 1975
    -- sqft lot
    $-- Zestimate®
    $47/sqft
    $-- HOA

    What's special

    Development potentialConvenience storeExpansive property
    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
    665 days
    |
    201
    |
    10
    |

    Zillow last checked: 8 hours ago

    Listing updated: December 16, 2025 at 11:06pm

    Listed by:

    Better Homes & Gardens Real Estate/The Masiello Group

    Source: Maine Listings,MLS#: 1582751MLS Logo

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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Forced Air, Hot Water
    Cooling
    • Wall/Window Unit(s), Heat Pump
    Features
    • Flooring: Carpet, Concrete, Laminate, Tile, Vinyl
    • Basement: Interior Entry
    Interior area
    • Total structure area: 11,793
    • Total interior livable area: 11,793 sqft
    • Finished area above ground: 11,793
    • Finished area below ground: 0
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    Property

    Accessibility
    • Accessibility features: Level Entry
    Features
    • Levels: Multi/Split
    • Stories: 2
    Lot
    • Size: 1.24 Acres
    Details
    • Zoning: NCA

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Roof: Membrane,Rolled/Hot Mop,Shingle
    Condition
    • Year built: 1975

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On

    Community & HOA

    Location
    • Region: Lewiston

    Financial & listing details

    • Price per square foot: $47/sqft
    • Annual tax amount: $8,239
    • Date on market: 2/22/2024

    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    9/15/2025Price change$550,000-15.4%$47/sqft
    Source: Maine Listings #1582751 Report a problem
    4/16/2025Price change$650,000-6.5%$55/sqft
    Source: Maine Listings #1582751 Report a problem
    10/31/2024Price change$695,000-7.3%$59/sqft
    Source: Maine Listings #1582751 Report a problem
    2/22/2024Listed for sale$750,000+319%$64/sqft
    Source: Maine Listings #1582751 Report a problem
    7/23/2015Sold$179,000-21.8%$15/sqft
    Source: Maine Listings #1149545 Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Est. payment
    $3,388/mo
    Principal & interest
    $2709
    Property taxes
    $486
    Home insurance
    $193

      Climate risks

      Neighborhood: 04240

      Nearby schools

      GreatSchools rating
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