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    900 Riverside St Portland, ME 04103

    Sponsored
    For Sale
    $959,000

    Prime Portland location, high-traffic, multi-unit income.

    Property size:
    3,840 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 3,840 square foot office building presents a compelling investment opportunity in the vibrant city of Portland, Maine. Situated on a 0.87-acre lot at 900 Riverside Street, this property benefits from its location on a busy street with high visibility and accessibility via major public transportation routes and a nearby interstate. The building offers significant income potential through its existing rental units: an accessory unit featuring one bedroom and one bathroom, plus two additional rental units, all contributing to a steady rental income stream. Ample on-site parking further enhances the property's appeal to tenants. The building's versatile nature makes it suitable for a variety of uses, ensuring strong demand and long-term appreciation. This is an ideal investment for those seeking a combination of immediate income generation and future growth potential in a prime Portland location. Please note that a Quonset hut located on the property is not included in the sale. The asking price is $959,000.

    Property Features for 900 Riverside St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,840 SF
    Lot Size
    37,897 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Dana B Aaskov ... Heating Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.31939
    Latitude
    43.70572

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Portland location, high-traffic, multi-unit income.
    Where is this office property / space located?
    The property is located at 900 Riverside St Portland, ME.
    What is the asking price?
    The asking price for this property is $959,000.
    (207) 773-1990
    Request Owner's contact information
    900 Riverside St Portland, ME 04103
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    Portland, ME 04103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    900 Riverside St Portland, ME 04103
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