375 Riverside St, Portland, ME 04103
High-visibility retail space for sale or lease near I-95.
- Added:
- Oct 5, 2023
- Days on Market:
- 983
- Last Refresh:
- Apr 5 at 8:17 pm
Property Features for 375 Riverside St
General Information
- Standard status
- Active
- Size
- 26,285 SF
- Lot size
- 2.80 Acres
- Property subtype
- RETAIL
Properties For Sale
at 375 Riverside St Contact usListing agent Steve M Baumann (207) 831-4063
Listing office Compass Commercial Brokers, LLC (207) 831-4063
Listing date Oct 5, 2023
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 Compass Commercial Brokers, LLC
HighLights
- Unmatched accessibility and visibility - just a mile from I‑95 (Exit 48) and Rock Row Development.
- High traffic count of 18,300 AADT and approximately 300 feet of road frontage, providing outstanding retail visibility.
- Flexible layout options ranging from 3,050‑26,285+\/- SF, suitable for a diverse range of retail users.
- High “lease‑ability” enhances its value and potential for repurposing, making it an attractive investment.
- Located in a rapidly growing area of Greater Portland, near strong local and national brands.
- Exterior renovations to commence and be completed Fall 2025.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $473.1k | $18.00 |
| − Vacancy | −$80.4k | −$3.06 |
| EGI | $392.7k | $14.94 |
| − OpEx | −$117.8k | −$4.48 |
| NOI | $274.9k | $10.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.3265
- Latitude
- 43.6887