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    550 Washington Ave Portland, ME 04103

    For Sale
    $895,000

    Retail and office spaces available in Portland, Maine.

    Property size:
    9,045 SF
    Lot size:
    0.23 Acres

    Property Features for 550 Washington Ave

    General Information

    Size
    9,045 SF
    Lot size
    0.23 Acres

    Source: CORE Agent Josh Soley, SIOR, CCIM

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

    Overview

    Portland Retail/Office Space For Sale

    Retail and office spaces are available, ranging from 2,000 to 6,000 square feet. The property is suitable for a market, restaurant, start-up retail business, or commissary. It features frontage on Washington Avenue, with traffic counts exceeding 26,190 vehicles per day. The property includes two loading docks, seven on-site paved parking spaces, natural gas heat with central A/C, and on-site storage. Constructed in 1930, the building is situated on a 0.23-acre lot and is zoned B2 (Community Business). The property offers visibility and frontage on Washington Avenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lava Kava Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2593401
    Latitude
    43.680845

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    FAQs

    What type of property is this?
    Retail space - Retail and office spaces available in Portland, Maine.
    Where is this retail space located?
    The property is located at 550 Washington Ave Portland, ME.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Excellent frontage on Washington Ave with high traffic counts (over 26,190 vehicles/day).; - Versatile space suitable for a market, restaurant, start-up retail, or commissary.; - Available space between 2,000-6,000 square feet.
    (207) 210-5677
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    550 Washington Ave Portland, ME 04103
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    Portland, ME 04103
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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
    550 Washington Ave Portland, ME 04103
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