88 Russell ST Active Save Request In-Person Tour Request Virtual Tour
Lewiston,ME 04240
Key Details
Property Type Commercial Sale
Sub Type Mixed Use
Listing Status Active
Square Footage 5,393 sqft
Price per Sqft $123
MLS Listing ID 1630508
Year Built 1900
Annual Tax Amount $5,337
Tax Year 2024
Lot Size 6,969 Sqft
Property Sub-Type Mixed Use
Property 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.
Location
State ME
County Androscoggin
Zoning NCA
Interior
Heating Direct Vent Furnace
Cooling None
Flooring Vinyl,Laminate,Carpet
Exterior
Parking Features 1 - 4 Spaces,On Street
View Y/N No
Roof Type Shingle
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Aluminum Siding,Wood Frame