Mixed-Use Retail and Office
35 Danforth St Portland, ME 04101
For Sale
Contact for pricing
Mixed-use building with first-floor retail/flex and upper-level office and apartment space, plus off-street parking for 10+ vehicles.
Property Size7,230 SF
Price / SF$262.10
Days on Market135
Property Features for 35 Danforth St
General Information
Standard status
Active
Size
7,230 SF
Property subtype
RETAIL
Listing Agency:
Malone Commercial Brokers
(207) 671-8808
Listed By:
Karen Rich · License #900465
(207) 671-8808
Source:
Moodyscre
Added: Mar 17
Changed: Jul 27
Last Checked: Jul 28 at 3:05PM
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 Malone Commercial Brokers
Investment Insights
Based on property information with market context.
This mixed-use building offers 7,230± SF with retail/flex space on the first floor and upper-level office and apartment space. The configuration supports multiple income streams while also accommodating an owner-user who wants both commercial and residential components in one property.
The building includes off-street parking for 10± cars. It is positioned for retail and service visibility on Portland’s Peninsula.
With retail/flex alongside office and apartment space, the layout provides flexible use across levels and can fit a range of tenant and occupancy plans based on the specific space needs.
The building includes off-street parking for 10± cars. It is positioned for retail and service visibility on Portland’s Peninsula.
With retail/flex alongside office and apartment space, the layout provides flexible use across levels and can fit a range of tenant and occupancy plans based on the specific space needs.
Key Highlights
- 7,230± SF mixed‑use building with first‑floor retail/flex space plus upper‑level office and apartment space
- Off‑street parking for 10+ cars
- Over 7,000± SF of combined retail/flex and upper‑level office/apartment space for additional rental income
Financial Insights For Office B
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 | $157.9k | $21.84 |
| − Vacancy | −$19.9k | −$2.75 |
| EGI | $138.0k | $19.09 |
| − OpEx | −$34.5k | −$4.77 |
| NOI | $103.5k | $14.32 |
7,230 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.73M
NOI $103,506 @ 7.0% cap · market cap 5.46%
Second Best
Retail
$1.08M
$945.1K – $1.26M
NOI $75,611 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,102 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Mixed-use building with first-floor retail/flex and upper-level office and apartment space, plus off-street parking for 10+ vehicles.
Where is this retail space located?
The property is located at 35 Danforth St Portland, ME.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 7,230± SF mixed‑use building with first‑floor retail/flex space plus upper‑level office and apartment space; Off‑street parking for 10+ cars; Over 7,000± SF of combined retail/flex and upper‑level office/apartment space for additional rental income
