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$550,000
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Property 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
Full Property Details
Full Property Details for 715 Webster St
General
- Price: $550,000
- Taxes: $8,239 (2022)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1581679
- Updated: 9/15/2025
- Added to Site: 747 day(s) ago
Business
- Business Type: Restaurant, Convenience Store
Interior
- Interior Features: Storage
- Flooring: Vinyl, Tile, Laminate, Concrete, Carpet
Additional Information
- Equipment: Internet Access Available
Parking
- Parking Features: 11 - 20 Spaces, On-Site Parking, Paved
Location
- County: Androscoggin
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s), Heat Pump
- Heating Type: Hot Water, Forced Air, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Wood Siding, Concrete, Block, Wood Frame
- Roof: Membrane, Rolled/Hot Mop, Shingle
- Stories/Levels: 2
- Building Size: 11793
- Square Feet: 11,793
- Living Area: 11,793 Sq. Ft.
- Year Built: 1975
Lot Features
- Lot Size (Acres): 1.24
- Lot Size (Sq. Ft.): 54,014.4
- Zoning: NCA
- Lot Description: Near Turnpike/Interstate, Near Shopping
Financial Considerations
- Tax Amount: $8,239
- Tax Year: 2022
Disclosures and Reports
- Lot Number: 60
Listed by Better Homes & Gardens Real Estate/The Masiello Group (207) 782-8311
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Schools
Schools serving 715 Webster St
School District:Lewiston
| Name | Grades | Distance |
|---|---|---|
Lewiston Middle School 75 Central Avenue, Lewiston, ME 04240 | 7-8 | 2.1 mi |
Lewiston High School 156 East Avenue, Lewiston, ME 04240 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 715 Webster St
Date
Details
Price
Change
Source
9/15/2025
Price Reduced
$550,000
-15.38%
MLS
4/16/2025
Price Reduced
$650,000
-6.47%
MLS
10/31/2024
Price Reduced
$695,000
-7.33%
MLS
2/05/2024
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 715 Webster St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,476
3%
$289,080
—
2024
$9,184
6%
$289,080
—
2023
$8,672
5%
$289,080
—
2022
$8,239
1%
$289,080
—
2021
$8,169
-1%
$289,080
—
2020
$8,288
—
$289,080
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 715 Webster St
715 Webster Street, Lewiston, ME 04240 (MLS# 1581679) is a Commercial property. 715 Webster Street is currently listed for $550,000 and was received on February 05, 2024. Want to learn more about 715 Webster Street? Do you have questions about finding other Commercial real estate for sale in Lewiston? You can browse all Lewiston real estate or contact a Coldwell Banker agent to request more information.

