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    189 Anderson St Portland, ME 04101

    For Sale
    $845,000

    Redevelopment Site, Approved Plans, High Potential

    Property size:
    1,635 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 1,635 square foot mixed-use property presents a unique redevelopment opportunity in Portland's vibrant East Bayside neighborhood. Situated on a 0.18-acre lot at 189 Anderson Street, this former auto repair building offers significant potential for investors and developers. The property benefits from pre-approved site plans, streamlining the construction process and minimizing potential delays. This eliminates the need for extensive planning and permitting, saving valuable time and resources. The existing structure can be renovated to suit a variety of uses, or it can be demolished to make way for a completely new building, allowing for maximum design flexibility. The location provides excellent access to Interstate 295, ensuring convenient transportation links throughout the greater Portland area and beyond. This prime location within East Bayside offers proximity to a thriving commercial district, diverse residential areas, and a wealth of amenities. The property's size and zoning make it ideal for a range of mixed-use projects, from retail and office spaces to residential units, or a combination thereof. This is a rare chance to acquire a fully permitted redevelopment site in a highly sought-after Portland location. The asking price is $845,000. Don't miss this opportunity to capitalize on the growth and potential of Portland's East Bayside.

    Property Features for 189 Anderson St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,635 SF
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fogg's Body Shop Auto Body Shop

    Suggested Use

    Realty agency Dental Office Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2556
    Latitude
    43.66916

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    FAQs

    What type of property is this?
    Mixed-use property - Redevelopment Site, Approved Plans, High Potential
    Where is this mixed-use property located?
    The property is located at 189 Anderson St Portland, ME.
    What is the asking price?
    The asking price for this property is $845,000.
    (207) 772-2422
    Request Owner's contact information
    189 Anderson St Portland, ME 04101
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    Portland, ME 04101
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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
    189 Anderson St Portland, ME 04101
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