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    50 Cove St Portland, ME 04101

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    For Sale
    $2,500,000

    17,031± SF multi-tenant building in the heart of Downtown Portland.

    Property size:
    17,031 SF
    Lot size:
    0.65 Acres

    Property Features for 50 Cove St

    General Information

    Size
    17,031 SF
    Lot size
    0.65 Acres

    Source: The Dunham Group Agent Samuel LeGeyt, SIOR

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

    Overview

    Downtown Portland Multi-Tenant Building

    This 17,031± square foot multi-tenant building is located in Downtown Portland, surrounded by the city’s arts, culinary, and business scenes. The property is an income-producing asset with updated building systems and a flexible layout. It offers appeal to both investors seeking reliable cash flow and business owners looking for a long-term location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ann Tracy Fine ... Photographer PortFiber Yarn Store Richard K. Maurer, ... Doctor Alexandra Strawbridge Maurer Photographer Cornerstone Chiropractic & Rehabilitation Chiropractor

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Daycare Center Auto Repair Shop Skin Care Clinic

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

    Similar Places Nearby

    msc cruise portland, Hannaford

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2562076
    Latitude
    43.6677653

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    FAQs

    What type of property is this?
    Shopping center - 17,031± SF multi-tenant building in the heart of Downtown Portland.
    Where is this shopping center located?
    The property is located at 50 Cove St Portland, ME.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Premier downtown location in a dynamic urban market.; - Income-producing asset with reliable cash flow.; - 17,031± square foot, multi-tenant building.
    (207) 773-7100
    Request Owner's contact information
    50 Cove St 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
    50 Cove St Portland, ME 04101
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