Lewiston, ID Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Lewiston, Idaho Market population: 37K. Compare commercial properties across all major asset classes with...
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⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
📊 Avg Property Tax Rate For Lewiston ME Properties: 2.8500%
📊 Average Income For Lewiston ME Commercial Property: $36,035
Investor Questions For Lewiston ME
Common questions from investors exploring commercial real estate in Lewiston ME.
What is the overall investment potential of Lewiston, ME, considering its demographic and economic factors?
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Lewiston, ME, with a population of 36,536 and a median age of 38.1, presents a unique investment opportunity, especially considering its top industries in Public Administration, Construction, and Finance & Insurance, which can drive demand for housing. The city's poverty rate of 20.0% and a health insurance coverage of 90.8% suggest a relatively stable workforce. Additionally, the median household income of $36,035 and an average commute time of 19.0 minutes indicate a manageable cost of living and good infrastructure for residents.
How does the ethnic diversity and foreign-born rate impact the real estate market in Lewiston, ME?
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The ethnic diversity in Lewiston, ME, with top ethnicities being White (45.8%), White Non-Hispanic (45.3%), and Black (3.7%), combined with a foreign-born rate of 10.1%, suggests a culturally rich and potentially vibrant community. This diversity, along with top industries like Public Administration and Construction, can contribute to a stable and growing demand for real estate, as diverse communities often attract a wide range of businesses and services.
What are the implications of the poverty rate and health insurance coverage on tenant quality and market stability in Lewiston, ME?
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The 20.0% poverty rate in Lewiston, ME, combined with a high health insurance coverage rate of 90.8%, indicates a working-class market with a degree of employment stability. This stability, coupled with an average commute time of 19.0 minutes and a median household income of $36,035, suggests that tenants may have a relatively stable income, potentially leading to more reliable rent payments and lower vacancy rates.
How do the commute times, health coverage, and top industries influence the quality of life and market demand in Lewiston, ME?
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The average commute time of 19.0 minutes in Lewiston, ME, along with a high health insurance coverage rate of 90.8%, contributes to a good quality of life for residents. When combined with the presence of stable industries like Public Administration and Construction, these factors can increase market demand, as people are attracted to areas with easy commutes, access to healthcare, and job opportunities, making Lewiston a potentially attractive location for real estate investment.
What insights do the median property value, property taxes, and homeownership rate offer for real estate investors in Lewiston, ME?
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The median property value of $151,800 and median property taxes of $7,241 in Lewiston, ME, provide insight into the cost of investing in the area. With a homeownership rate of 49.4%, there is a balance between owned and rented properties, suggesting opportunities for both rental income and long-term property appreciation. This balance, along with the city's economic and demographic factors, can make Lewiston an attractive location for a variety of real estate investment strategies.
Lewiston ME Real Estate & City Facts
Key facts and real estate information about Lewiston ME.
What are some of the best neighborhoods to live in Lewiston?
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Some of the best neighborhoods to live in Lewiston include the central parts of the city, which tend to be more desirable, while more affordable homes can be found in the east regions. Neighborhoods like Norway and downtown Lewiston are also popular, with a mix of historic homes and new developments. However, it's worth noting that some areas, like streets downtown with tree names, may not be as safe or desirable.
What are some fun things to do in Lewiston?
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Lewiston has a variety of things to do and see, including visiting the Gendron Franco Center, exploring the Thorncrag Bird Sanctuary, and taking a stroll along the Androscoggin River. You can also check out the local breweries, like Baxter Brewing Company, or grab a bite to eat at one of the many restaurants in the area, such as Fish Bones Grill or DaVinci's Eatery. If you're looking for something more adventurous, you can visit the nearby Booth Bay Harbor for shops and food.
What is the food scene like in Lewiston?
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Lewiston has a diverse food scene, with a range of restaurants serving everything from Mexican to Indian to Thai and Vietnamese cuisine. Some popular spots include El Pocho's, Mother India, Orchid, and Xin's Chinese Restaurant. You can also find great seafood at Fish Bones Grill, or try some Italian cuisine at DaVinci's. There are also plenty of great food trucks and cafes in the area, like The Blue Feather Kitchen + bar and Mancini's Italian Deli.
What are the pros and cons of living in Lewiston?
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Lewiston has its pros and cons, like any city. On the plus side, it has a rich history and culture, a diverse food scene, and a variety of things to do and see. The city is also relatively affordable, with a lower cost of living compared to other parts of the country. However, some areas of the city may be considered less safe, and the economy has faced challenges in the past. Additionally, the city's population has been declining in recent years, which can be a concern for some residents. Overall, Lewiston is a great option for those looking for a unique and affordable place to live, but it's not without its challenges.
Is Lewiston a good place to live?
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Whether or not Lewiston is a good place to live depends on your individual preferences and priorities. If you're looking for a city with a rich history and culture, a diverse food scene, and a variety of things to do and see, Lewiston may be a great fit. However, if you're concerned about safety or economic stability, you may want to consider other options. Ultimately, Lewiston is a unique and affordable city that offers a lot to its residents, but it's not perfect and has its challenges. It's worth visiting and getting a feel for the city before making a decision about whether or not it's right for you.
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