3 Lowell St
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3 Lowell St
0.18 Acres of Residential Land in Lewiston, ME 04240
Investment Highlights
- A premier residential development opportunity boasting a prime location in Maine's second-largest city, Lewiston
Executive Summary
The Lofts on Lowell is a premier residential development opportunity boasting a prime location in Maine's second-largest city, Lewiston, known for its rich history and vibrant community. This meticulously planned project offers an approved TIF and has been vetted for modular construction by a Maine based modular builder as an option for the developer with an estimated timeline for completion ½ that of the current pace of construction. This can help reduce the overall cost of the project and ensure units are available to the market faster.
Highlights:
• Permitted Residential Units: 172
• Total Lot Size: 0.18 Acres
• Market Rate: 100%
• Frontage: 177.75, 100 Ft on Lowell St and 77.75 Ft on Chapel St
• Address: 3 Lowell St. Lewiston ME
• Excellent Highway Access: Minutes to I-95
• Close Proximity:
o Central Maine Medical Center (CMMC)
o St. Mary’s Regional Health Center
o Bates College
o City’s Planned Riverfront Revitalization
• Approvals and Pre-Development Work Completed
• Population Growth – More than double the state pace
• Employment: 3,000+ Local Healthcare jobs
• Population: Second Largest City in Maine
• TIF - Tax Increment Financing: 55% Tax Reduction for 20 Years
• Attractive Financing Available
• Projectd IRR: 23.8%
Highlights:
• Permitted Residential Units: 172
• Total Lot Size: 0.18 Acres
• Market Rate: 100%
• Frontage: 177.75, 100 Ft on Lowell St and 77.75 Ft on Chapel St
• Address: 3 Lowell St. Lewiston ME
• Excellent Highway Access: Minutes to I-95
• Close Proximity:
o Central Maine Medical Center (CMMC)
o St. Mary’s Regional Health Center
o Bates College
o City’s Planned Riverfront Revitalization
• Approvals and Pre-Development Work Completed
• Population Growth – More than double the state pace
• Employment: 3,000+ Local Healthcare jobs
• Population: Second Largest City in Maine
• TIF - Tax Increment Financing: 55% Tax Reduction for 20 Years
• Attractive Financing Available
• Projectd IRR: 23.8%
Property Facts
| Sale Type | Investment | Property Type | Land |
| Sale Conditions | Design & Build | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.18 AC |
| Sale Type | Investment |
| Sale Conditions | Design & Build |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.18 AC |
1 Lot Available
Lot
| Lot Size | 0.18 AC |
| Lot Size | 0.18 AC |
1 of 1
Walk Score ®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | LEWI-000207-000000-000023 | Improvements Assessment | £0 |
| Land Assessment | £33,833 | Total Assessment | £33,833 |
PROPERTY TAXES
Parcel Number
LEWI-000207-000000-000023
Land Assessment
£33,833
Improvements Assessment
£0
Total Assessment
£33,833
zoning
| Zoning Code | CV |
| CV |
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Matt Pouliot -
Emily Theriault -
Pouliot Real Estate
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3 Lowell St
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