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    383 Commercial St Portland, ME 04102

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    For Lease
    $225,000

    New construction retail space in Portland's Waterfront area.

    Property size:
    1,457 SF
    Lot size:
    2.41 Acres

    Property Features for 383 Commercial St

    General Information

    Size
    1,457 SF
    Lot size
    2.41 Acres

    Source: Malone Commercial Brokers Agent Jennifer Small

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

    Overview

    Retail Space in Old Port

    This property offers new construction retail space in the Old Port area, with available spaces ranging from 1,457 to 3,379 square feet on the first floor. The location provides excellent visibility on Portland’s Waterfront, benefiting from traffic counts of approximately 14,730 cars per day. The area has a walk score of 92, indicating it is highly walkable. The property is surrounded by hotels, retail establishments, offices, restaurants, and residential condos.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hobson's landing Condominium Complex ChargePoint Charging Station Electric Vehicle Charging Station Maine Dentistry Dentist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2572756
    Latitude
    43.6520822

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    FAQs

    What type of property is this?
    Retail space - New construction retail space in Portland's Waterfront area.
    Where is this retail space located?
    The property is located at 383 Commercial St Portland, ME.
    What are key features of this property?
    This property features: - New construction retail space in the Old Port.; - Excellent visibility on Portland's Waterfront.; - High walk score of 92.
    (207) 772-2422
    Request Owner's contact information
    383 Commercial St Portland, ME 04102
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    Portland, ME 04102
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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
    383 Commercial St Portland, ME 04102
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