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190 Birch St - Lewiston Colisée 54,547 SF Sports & Entertainment Building Offered at $8,654,704 CAD at a 7% Cap Rate in Lewiston, ME 04240

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INVESTMENT HIGHLIGHTS

  • Parking for 500 vehicles
  • Full section video wall panels with sound throughout
  • Full service Maineiacs bar at mezzanine level of seating
  • Site of the 1965 Ali - Sonny Liston phantom punch!
  • State of the art videotron with 11 camera angles
  • First level cafeteria style restaurant

EXECUTIVE SUMMARY

SVN the Masiello Group is pleased to offer this unique and historic 3,000-4,000 seat sports and event venue. The proposed sale includes the entirety of the real property covering over 9 acres including newly built accommodations for 50+ hockey athletes and coaches, as well as a sizable pre-engineered utility building. In addition to providing an ice surface, it can host various events such as concerts and trade shows.
The building is currently home of the Maine Nordiques Academy for student age elite players with plans to bring back the popular MAINEiacs of the Quebec Major Junior Hockey League. The property is operated under a lease agreement and includes five National bid charters from youth to U18 as well as revenue from events, concessions, and operating equipment.
Please see the attached Offering Memorandum for more information.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $8,654,704 CAD
Price Per SF $158.67 CAD
Sale Type Investment
Cap Rate 7%
Property Type Sports & Entertainment
Property Subtype Theater/Concert Hall
Building Class B
Lot Size 9.47 AC
Building Size 54,547 SF
No. Stories 2
Year Built/Renovated 1959/2020
Zoning INSTITUTIONAL / OFFICE - INSTITUTIONAL / OFFICE

AMENITIES

  • On-Site Security Staff
Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LEWI-000195-000000-000166
Land Assessment
$1,015,532 CAD
Improvements Assessment
$1,486,655 CAD
Total Assessment
$2,502,187 CAD
  • Listing ID: 32120303

  • Date on Market: 2024-06-13

  • Last Updated:

  • Address: 190 Birch St, Lewiston, ME 04240

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