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Corner Retail Redevelopment Building
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1006 Congress Street, Portland, ME 04102

Corner brick retail building with ample on-site parking, FHW/steam heat, and significant redevelopment needs.

Property Size17,197 SF
Lot Size0.45 Acres
Days on Market125

Property Features for 1006 Congress Street

General Information

Standard status Active
Size 17,197 SF
Lot size 0.45 Acres
Property subtype Retail

Additional Details

Traffic Count 13,000 vehicles/day

Building Details

Year Built 1900
Listing Agency: The Dunham Group
Listed By: Tom Moulton · License #ME BR903388
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 3:19AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Dunham Group

Investment Insights

Based on property information with market context.

1006 Congress Street is a corner retail property offering brick, stone, and steel construction with additions made in the 1980s. The building was originally constructed in 1900 and totals 17,197± SF, including a 3,463± SF basement. Electrical service is listed as 110 amp, and heating is FHW/steam, with the system noted as needing replacement.

The property sits on a 0.45± acre lot (Block A, Lot 22) and provides ample on-site parking. A traffic count of 13,000 is noted, and the location is described as being on Portland’s peninsula.

The offering is presented as an excellent fit for redevelopment, with historic tax credit rehab possibilities referenced in the marketing materials.

Key Highlights

  • Corner location on Congress Street on Portland’s peninsula for a variety of uses
  • 17,197± SF building (includes 3,463± SF basement) on a .45± acre lot
  • Constructed in 1900 with an addition in the 1980s; brick, stone, and steel construction

Property Analytics

Current Use

1006 Apartment Building

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Storage Facility Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

2,375
Businesses Nearby
66k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 57% Home Improvements & Furnishings 17% Shops & Services 14% Groceries 10%
McDonald's Dining
28,260 visits/mo 0.2 miles
Maine Hardware - Ace Hardware Home Improvements & Furnishings
8,921 visits/mo 0.1 miles
Save-A-Lot Groceries
6,560 visits/mo 0.1 miles
Amato's Dining
5,404 visits/mo 0.1 miles
Gulf Oil Shops & Services
4,346 visits/mo 0.5 miles

Demographics for 04102, ME

18,002
Population
8,633
Households
2.1
Avg Household Size
38
Median Age
62%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,000
Density / Sq Mi
$79,631
Median Household Income
$47,898
Median Earnings
$1,435
Median Rent
$464,100
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Corner brick retail building with ample on-site parking, FHW/steam heat, and significant redevelopment needs.
Where is this retail space located?
The property is located at 1006 Congress Street Portland, ME.
What are key features of this property?
This property features: Corner location on Congress Street on Portland’s peninsula for a variety of uses; 17,197± SF building (includes 3,463± SF basement) on a .45± acre lot; Constructed in 1900 with an addition in the 1980s; brick, stone, and steel construction
(207) 773-7100 Call to check price and availability
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