Lewiston, Maine Commercial Real Estate 1 Listing

Lewiston, Maine: A Premier Destination for Commercial Real Estate

Introduction

Lewiston, Maine, a pivotal city in Androscoggin County, offers a compelling commercial real estate (CRE) landscape. As the second-largest city in Maine, Lewiston boasts a diverse economy with strong industry clusters in health care, education, and manufacturing. Its strategic positioning in the New England region makes it an attractive hub for CRE investments, particularly for office spaces, industrial facilities, and retail properties.

Economic and Industry Overview

Lewiston's economy is driven by key industries such as health care, education, and manufacturing, which fuel demand for various types of commercial properties. The presence of Central Maine Medical Center and St. Mary's Regional Medical Center underscores the city's robust health care sector, while Bates College contributes significantly to the educational landscape. Manufacturing, with a focus on textiles and footwear, also plays a crucial role in Lewiston's economic fabric. The city benefits from initiatives by the Lewiston-Auburn Economic Growth Council aimed at fostering economic development and enhancing the CRE market.

Strategic Location and Transportation Infrastructure

Lewiston's strategic location is enhanced by its excellent transportation infrastructure. The city is accessible via major highways such as Interstate 95 and US Route 202, providing seamless connectivity to regional markets. Additionally, the nearby Auburn-Lewiston Municipal Airport enhances air travel options, while the proximity to the Port of Portland offers maritime advantages. For more details, visit the Maine Department of Transportation and the Auburn-Lewiston Airport.

Commercial Real Estate Inventory & Zoning

Lewiston's CRE market is characterized by distinct submarkets, including its Central Business District (CBD), industrial corridors, and innovation districts. The city offers a variety of asset classes, such as industrial, retail, flex, office, and medical properties. Recent zoning changes and incentives, including tax increment financing, further enhance development opportunities. For comprehensive zoning information, refer to the City of Lewiston Zoning Maps.

Major Employers and Institutions

The presence of major employers like Central Maine Healthcare, Bates College, and WahlcoMetroflex supports demand for commercial real estate in Lewiston. These institutions, along with government centers such as the Lewiston City Hall, are pivotal to the local economy. Explore more about the city's business environment on the Lewiston Economic and Community Development page.

Notable Commercial Developments & Projects

Lewiston is experiencing significant commercial developments, including mixed-use projects and innovation parks. The city's Opportunity Zones provide attractive investment opportunities for developers. Public-private partnerships are also facilitating large-scale projects aimed at revitalizing the downtown area. For detailed planning documents, visit the Lewiston Planning Department.

Building Permits, Planning, and Development Tools

For CRE professionals, Lewiston offers a range of resources, including:

Market Data & Economic Reports

Lewiston's CRE decisions can be informed by various public datasets, including those from census.gov and the city’s open data portal. Brevitas leverages AI-powered aggregation from public data and internal insights, providing users with an enriched understanding of the market. Explore our Brevitas-powered dashboards for Lewiston here.