Corner Retail
For Sale
Contact for pricing
106 High St, Portland, ME 04101
Multi-tenanted retail property at the corner of High Street and Spring Street in an Opportunity Zone.
Property Size8,388 SF
Price / SF$190.15
Days on Market136
Property Features for 106 High St
General Information
Standard status
Active
Size
8,388 SF
Property subtype
RETAIL
Additional Details
Opportunity Zone
Yes
Building Details
Tenancy
Multi
Listing Agency:
The Boulos Company
(207) 939-4147
Listed By:
Christopher Paszyc, CCIM, SIOR
(207) 939-4147
Source:
Moodyscre
Added: Mar 24
Changed: Jul 25
Last Checked: Jul 25 at 9:49PM
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 Boulos Company
Investment Insights
Based on property information with market context.
This multi-tenanted retail property offers an owner-user or investment structure, with opportunity potential described as being within an Opportunity Zone. The asset is positioned as a corner location at the intersection of High Street and Spring Street.
The property is located at the gateway between Portland’s West End and Downtown. Nearby amenities include the Holiday Inn By the Bay, the Portland Museum of Art, and the Cross Insurance Center.
For buyers seeking a retail building with multiple tenants and the benefits associated with an Opportunity Zone designation, this corner storefront property provides a defined, street-level presence at a high-visibility intersection.
The property is located at the gateway between Portland’s West End and Downtown. Nearby amenities include the Holiday Inn By the Bay, the Portland Museum of Art, and the Cross Insurance Center.
For buyers seeking a retail building with multiple tenants and the benefits associated with an Opportunity Zone designation, this corner storefront property provides a defined, street-level presence at a high-visibility intersection.
Key Highlights
- Multi‑tenanted retail property at the corner of High Street and Spring Street
- Located in an Opportunity Zone
- Corner property described as a gateway between Portland’s West End and Downtown
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.0k | $18.00 |
| − Vacancy | −$25.7k | −$3.06 |
| EGI | $125.3k | $14.94 |
| − OpEx | −$37.6k | −$4.48 |
| NOI | $87.7k | $10.46 |
8,388 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.25M
$1.10M – $1.46M
NOI $87,722 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,381 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,493
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Apparel 19%
Hotels & Casinos 10%
Home Improvements & Furnishings 3%
Circle K
Shops & Services
12,170 visits/mo
0.2 miles
Reny's
Apparel
10,314 visits/mo
0.2 miles
7-Eleven
Shops & Services
10,061 visits/mo
0.3 miles
Citgo
Shops & Services
7,596 visits/mo
0.4 miles
Courtyard by Marriott Portland Downtown/Waterfront
Hotels & Casinos
5,673 visits/mo
0.3 miles
Demographics for 04101, ME
18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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- Harmon's Floral Company — 737 Congress St, Portland, ME 04101
Frequently Asked Questions
What type of property is this?
Storefront property - Multi-tenanted retail property at the corner of High Street and Spring Street in an Opportunity Zone.
Where is this storefront property located?
The property is located at 106 High St Portland, ME.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Multi‑tenanted retail property at the corner of High Street and Spring Street; Located in an Opportunity Zone; Corner property described as a gateway between Portland’s West End and Downtown
