Mixed-Use Building with Restaurant
14 Veranda Street, Portland, ME 04103
Mixed-use building with restaurant and residential components in Portland, Maine.
Type:Commercial / Mixed Use
Property size:
4,637 SFPrice / SF:
$201/SF- Added:
- Apr 1, 2026
- Days on Market:
- 63
- Last Refresh:
- Apr 1 at 8:34 pm
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 agent Noah Stebbins (207) 553-1727
Listing office The Boulos Company (207) 553-1727
Listing date Apr 1, 2026
Source Compass
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
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.
- Flexible exit strategy: hold as income property, reposition for owner‑occupancy, or sell individually.
- Multi‑level building with 4,637± SF.
- Built in 1910.
Overview
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.
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.
Location Intelligence
Current Use by Public Records
Veranda Noodle Bar
Restaurant
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2573105
- Latitude
- 43.6807863
Nearby Similar for Sale
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.
