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540 Congress Street Portland, ME

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For Sale
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Mixed-use building with retail and residential units in downtown Portland.

Type:RETAIL
Property size:
27,800 SF
Lot size:
0.58 Acres
Added:
Jul 9, 2025
Days on Market:
269
Last Refresh:
Apr 1 at 8:43 pm

Property Features for 540 Congress Street

General Information

Standard status
Active
Size
27,800 SF
Lot size
0.58 Acres
Property subtype
RETAIL

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Listing Contact
Cameron Foster
Cameron Foster

Listing agent Cameron Foster

Listing office The Boulos Company

Listing date Jul 9, 2025

Source Moodyscre

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


Overview

Downtown Portland Mixed-Use Building

This mixed-use building, constructed in the Art Deco style, is situated in downtown Portland, offering prominent visibility with frontage on both Congress Street and Free Street. The first floor features a condominium built out as approximately 25,800 square feet of climate-controlled retail space, supported by approximately 1,800 square feet of warehouse space, and approximately 1,200 square feet of office space. The second floor comprises four leased residential condominiums, accessible via a stairwell on Congress Street. There is a value-add component through the upstairs residential condominiums and the potential for a new owner to build more units.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Renys Department Store Department Store October Corporation Food Processing Plant

Suggested Use

Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Law Firm 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
Portland
County
Cumberland
State
Maine
Longitude
-70.2614
Latitude
43.6555

FAQs

What type of property is this?
Mixed-use property - Mixed-use building with retail and residential units in downtown Portland.
Where is this mixed-use property located?
The property is located at 540 Congress Street Portland, ME.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: Prominent visibility with frontage on both Congress Street & Free Street.; 25,800± SF of climate‑controlled retail space on the 1st floor.; Mixed‑use building in the heart of downtown Portland.
(703) 717-1660 Call to check price and availability
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