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  • $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
    768 days
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    410
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    14
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    Zillow last checked: 7 hours ago

    Listing updated: March 30, 2026 at 11:03pm

    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
      Video & virtual tour

      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: 3/1/2026

        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
        4/29/2015Listed for sale$229,000$19/sqft
        Source: The Dot Fernald Team, Inc. #1149545 Report a problem

        Public tax history

        Public tax history
        Tax history is unavailable.

        BuyAbility℠ payment

        Est. payment
        $3,299/mo
        Principal & interest
        $2836
        Property taxes
        $463
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          Climate risks

          Neighborhood: 04240

          Getting around

          9 / 100
          Car-Dependent
          26 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 04240