100% occupied brick 15,126 square foot mixed-use property. This historic building has undergone major renovation with new storefronts, windows, heating, plumbing, electrical, etc. The first floor is comprised of six retail storefronts currently configured for 5 tenants. Facing busy Forest Avenue and Bishop Street, property offers visibility on one of the busiest intersections in the state of Maine. The second floor is new residential, comprised of 25 rooming units and and common areas. The rear of the building offers parking and a loading dock. In addition, a separate .1825-acre, 20+ space parking lot is being conveyed with possible development opportunity. Current professional management is also available to the new owner if desired. Excellent financials, ideal for 1031 exchange investment. Close to many area restaurants, stores, businesses, and the University of New England. Also Listed Multifamily MLS #1611104
Excellent opportunity to own this turnkey well- known Chinese restaurant that voted for ''The Best Chinese Restaurant in Portland'' 10 years on the row! This 5169+_SF free standing building is in the heart of Old Port with walking distance to Shopping Center, Hotel, Restaurants and the port, among others. Sale price includes the business and FF&E.
You can't find this anywhere in Portland! Just rezoned to B-1, this 1+ acre corner lot is now poised for near-limitless development opportunities. The site is level, open, has multiple curb cuts, is on a bus line, is walkable to schools, parks, and local shops, and is zoned for mixed-use (restaurant, retail, residential, and more). The corner is home to Riverton Station which is not included in the sale but is negotiable.
LOCATION, LOCATION, LOCATION!! . Amazing opportunity offered for the first time in over 60 years!! Discover a unique investment opportunity on Riverside Street, Portland. Positioned on a bustling street, the property promises a high-traffic volume area and accessibility via a major public route and public transportation. Investors can capitalize on a steady rental income stream while the prime location ensures demand and long-term appreciation. Explore the potential of this property combining versatility, convenience, and income prospects. Accessory unit available for caretaker or security quarters. Ample parking and excellent visibility. The property is located minutes from the interstate. Schedule your viewing and seize the opportunity to invest in this enterprising property. Quonset Hut does not convey with property.
8,390± SF historical building on 0.38± AC, perfect for a residential conversion or redevelopment. This 3-story, mixed-use building features multiple private offices, large gathering spaces, a beautifully remodeled apartment and an outbuilding utilized for storage and showroom space. Additional 0.22± AC lot located at 105 Winter Street could potentially be included in the sale at an added cost. See Broker for details.
11,206± square foot building on 0.68± acres, including a 31-space parking lot Situated in the distinguished West End neighborhood of Portland, directly adjacent to downtown Development infill opportunity on approximately 1/3 acre of excess land Current zoning is R-6, proposed Portland ReCode zoning planning to be RN-4. See broker for details. Amazing opportunity offered for the first time in over 100 years.
Outstanding is an understatement when describing this remarkable mixed use multi-unit offering. Located at the center of Portland's vibrant, eclectic and uber desirable Munjoy Hill/ East End, locations don't get better than this. Walk Score calls this a 'walker's paradise' with everything you want and need within blocks. Located in a B1 zone, the property is home to a mix of residential and commercial uses. The corner commercial unit is home to Belleville (BLVL), an acclaimed and thriving bakery and coffee shop. The 5 remaining units are condo-ready-quality and fully updated 1 bedroom, 1 bath residential apartments. Each unit is bathed in natural light and each looks out onto local landmarks (neighboring homes and the Portland Observatory), the city skyline and even toward the setting sun over Back Cove. Units enjoy separate utilities, super-efficient heat and hot water and each rent is at-market. Over the past decade the current owners have gone unit by unit to update everything from the foundation to the roof to create something outstanding. Just outside the door you are instantly in the heart of the East End and a short walk to inner Washington Ave, the Old Port, in-town, Portland Foreside, East End beach, Eastern Promenade and more. With NOI of $140K and a 5.6 CAP Rate this is not only a worry-free addition to the portfolio, it is highly profitable. Shown by appointment Monday through Friday between 10AM and 5PM with 24+ hours notice.
Incredible opportunity for retail space with off street parking in a high traffic count location. Offering consists of both buildings located at 255 and 259 St. John Street for a total of just over 4,600 square feet. Front retail space was just renovated in 2024. Both units have plenty of storage space. Check with Code to see what you could create within this B2 Business Community Zone. Selling Real Estate Only
The median home value in Portland, ME is $560,000. This is higher than the county median home value of $470,000. The national median home value is $338,100. The average price of homes sold in Portland, ME is $560,000. Approximately 41.95% of Portland homes are owned, compared to 47.79% rented, while 10.27% are vacant. Portland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Portland real estate agent to arrange a tour today!
Portland, Maine has a population of 68,063. Portland is less family-centric than the surrounding county with 28.1% of the households containing married families with children. The county average for households married with children is 30.7%.
The median household income in Portland, Maine is $66,109. The median household income for the surrounding county is $80,679 compared to the national median of $69,021. The median age of people living in Portland is 36.9 years.
The average high temperature in July is 78.8 degrees, with an average low temperature in January of 10.8 degrees. The average rainfall is approximately 48.9 inches per year, with 61 inches of snow per year.