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    29 Western Ave South Portland, ME 04106

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    For Lease
    $25 SF/Yr ($2,195 /Mo)

    Retail space with high visibility and ample parking available for lease.

    Property size:
    1,054 SF
    Lot size:
    1.43 Acres

    Property Features for 29 Western Ave

    General Information

    Size
    1,054 SF
    Lot size
    1.43 Acres

    Source: Malone Commercial Brokers Agent Mike Anderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Near Maine Mall

    This retail space benefits from an excellent location near the Maine Mall. The property offers high visibility with traffic counts of approximately 27,670 cars per day on Western Avenue, based on 2023 data. Ample on-site parking is available. The property is located at 29 Western Ave, South Portland, ME. The property is 1,054 square feet. Current tenants include Big Fin Poke, Beauty Nails, Cosmo Prof, High North Wellness Connection, and Evergreen Chinese Restaurant. The lease rate is $25 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    South Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.315897
    Latitude
    43.6346749

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    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and ample parking available for lease.
    Where is this retail space located?
    The property is located at 29 Western Ave South Portland, ME.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Excellent location with close proximity to the Maine Mall; - High visibility with traffic counts of 27,670± cars/day on Western Ave; - Ample on-site parking
    (207) 358-7028
    Request Owner's contact information
    29 Western Ave South Portland, ME 04106
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    South Portland, ME 04106
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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
    29 Western Ave South Portland, ME 04106
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