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Property profile

900 Riverside St Portland, ME 04103

OFF-MARKET
Manufacturing properties
Property ID
US42-0425878
View Sample
3,840 SF 0.87 ac lot Built 1960
Individually Owned 4-yr Hold Free & Clear

Property summary

AI-generated overview

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 profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1960
Total area 3,840 SF
Lot 0.87 ac (38,002 SF)
APN PTLD M:361 B:A008001
UPID US42-0425878

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • HVAC Service General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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