Mixed-Use Building with Restaurant
14 Veranda Street Portland, ME 04103
14 Veranda Street, Portland, ME, 04103
$935,000
For Sale
$935,000
Mixed-use building with restaurant and residential components in Portland, Maine.
Property Size4,637 SF
Price / SF$201.64
Days on Market198
Property Features for 14 Veranda Street
General Information
- Standard status
- Active
- Size
- 4,637 SF
- Property subtype
- Commercial / Mixed Use
Building Details
- Year Built
- 1910
Listing Agency
The Boulos Company
(207) 553-1727
Listed by
Noah Stebbins
(207) 553-1727
Source
Compass
Added: Dec 31, 2025 Checked: Jul 17 at 5:31 am
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
Investment Insights
Based on property information with market context.
The property at 14 Veranda Street is a 4,637± SF mixed-use building. It features ground-floor restaurant space and a newly remodeled second-floor two-bedroom residential apartment. The location offers strong live-work-play dynamics with restaurant, residential, and retail users clustered together in a walkable, commuter-friendly area. It is situated near the future entrance of The Roux Institute at Northeastern University. The property benefits from excellent exposure to commuter, neighborhood, and destination traffic via the I-295 Veranda Street interchange and the high-traffic Washington Avenue corridor, which sees approximately 26,150± ADT. The property offers a flexible exit strategy, including holding it as an income-producing portfolio, repositioning it for owner-occupancy, or selling it individually over time.
Key Highlights
- Mixed‑use building featuring ground‑floor restaurant space and a newly remodeled two‑bedroom residential apartment.
- Strong live‑work‑play dynamics in a walkable, commuter‑friendly location near The Roux Institute at Northeastern University.
- Excellent exposure to high‑traffic Washington Avenue corridor (26,150± ADT) and the I‑295 Veranda Street interchange.
Local Financial Insights For Apartment 5plus
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 | $147.5k | $31.80 |
| − Vacancy | −$8.8k | −$1.91 |
| EGI | $138.6k | $29.89 |
| − OpEx | −$62.4k | −$13.45 |
| NOI | $76.2k | $16.44 |
4,637 SF · lease $31.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$952.9K – $1.27M
NOI $76,235 @ 7.0% cap · market cap 8.15%
Second Best
Mixed Use
$822.7K
$719.9K – $959.9K
NOI $57,592 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$1.27M
$1.12M – $1.49M
NOI $89,214 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Veranda Noodle Bar
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with restaurant and residential components in Portland, Maine.
Where is this mixed-use property located?
The property is located at 14 Veranda Street Portland, ME.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Mixed‑use building featuring ground‑floor restaurant space and a newly remodeled two‑bedroom residential apartment.; Strong live‑work‑play dynamics in a walkable, commuter‑friendly location near The Roux Institute at Northeastern University.; Excellent exposure to high‑traffic Washington Avenue corridor (26,150± ADT) and the I‑295 Veranda Street interchange.
