Mixed-Use Investment Property For
200 Brackett St & 54 Pine St Portland, ME 04102
200 Brackett St & 54 Pine St, Portland, ME, 04102
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For Sale
Contact for pricing
Six-unit investment property with commercial and residential spaces.
Property Size8,172 SF
Price / SF$201.91
Days on Market131
Property Features for 200 Brackett St & 54 Pine St
General Information
- Standard status
- Active
- Size
- 8,172 SF
- Property subtype
- Mixed Use, Multifamily, Retail
Building Details
- Year Built
- 1910
Listing Agency
The Boulos Company Portland
(207) 553-1723
Listed by
Samantha Marinko · License #ME 920832
Source
Crexi
Added: Mar 10 Checked: Jul 15 at 9:49 pm
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 Portland
Investment Insights
Based on property information with market context.
This investment property features a mix of commercial and residential spaces, comprising one restaurant unit and five residential units. The property is currently 100% occupied. An eight-space parking lot is included. The commercial unit has been recently renovated. The property has recently undergone several capital improvement projects. This six-unit investment property offers a value-add opportunity.
Key Highlights
- Six unit investment property with a mix of commercial (restaurant) and residential units.
- 100% occupied, providing immediate income.
- Includes an eight (8) space parking lot.
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 | $259.9k | $31.80 |
| − Vacancy | −$15.6k | −$1.91 |
| EGI | $244.3k | $29.89 |
| − OpEx | −$109.9k | −$13.45 |
| NOI | $134.4k | $16.44 |
8,172 SF · lease $31.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.92M
$1.68M – $2.24M
NOI $134,353 @ 7.0% cap · market cap 8.14%
Second Best
Mixed Use
$1.45M
$1.27M – $1.69M
NOI $101,496 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,226 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Six-unit investment property with commercial and residential spaces.
Where is this mixed-use property located?
The property is located at 200 Brackett St & 54 Pine St Portland, ME.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Six unit investment property with a mix of commercial (restaurant) and residential units.; 100% occupied, providing immediate income.; Includes an eight (8) space parking lot.
