Hill Mill and Roy Continental Mill

2 Cedar Street and 41 Chestnut Street, Lewiston, ME 04240
Industrial for Sale
Catylist Listing ID: 30182111
Property Subtypes: Cold Storage, Flex Space, Food Processing, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Net Leased, Office Showroom, Research & Development, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 1,022,000 SF
Gross Land Area: 14.46 Acres
Sale Price: $5,200,000
Unit Price: $5.09 PSF
Ceiling: 16 ft. Clear
Docks/Doors: 4 Docks
Drive In Bays: 2 Bays
Property Use Type: Investment
Building Name: Continental Mill and Hill Mill
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/29/2017

Overview / Comments

We are pleased to offer for sale the Continental Mill and the Hill Mill, two historic industrial buildings. Located along the Androscoggin River and Upper Canal, respectively, they offer sweeping views and access to retail, restaurants, cultural attractions, hotels, hospitals, walking trails and riverfront parks. Totaling 1,022,000± SF, these buildings are also a significant presence in the Riverfront Master Plan, which seeks to revitalize this integral part of Lewiston’s industrial history. The Continental Mill is currently vacant and is an ideal redevelopment project for cold storage or office, retail and/or residential apartments. The Hill Mill is currently tenanted and provides a steady income stream. Financial information is available upon signing a Confidentiality Agreement.

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Submarket/Township: Lewiston/Auburn
Submarket Type: Redevelopment District
Taxing Authority: Lewiston
Tax ID/APN: 01050_208/000/004
Zoning: MILL
Property Located Between: Androscoggin River and Mill Canal
Highway Access: Six miles to Exit 75 of I-95 (Maine Turnpike)
Rail Access: Yes
Airports: Auburn-Lewiston Airport
Site Description: Level, open
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 6
Property Condition: Good
Year Built: 1860
Roof Type: Gable
Construction/Siding: Brick, Granite
Parking Type: Surface
Parking Description: Ample parking for both mills
Column Spacing: 12
Freight Elevators: 5
Sprinklers: Wet
Heat Type: Natural Gas
Zoning Description: Mill
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Androscoggin County Book 4432 Page 265; Book 1879 Page 268

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