Mixed-Use Victorian Office and
49 Portland Street, South Berwick, ME 03908
COMMERCIAL - South Berwick, ME
Type:Office
Property size:
3,120 SFLot size:
0.27 AcresPrice / SF:
$184/SF- Added:
- Jun 2, 2026
- Days on Market:
- 36
- Last Refresh:
- Jul 7 at 3:06 pm
Property Features for 49 Portland Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- B1
- Rooms
- Basement
- Parking features
- Off Street
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 3,120 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 8355
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Hot Water(Heating), Baseboard
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 3
- Flooring type
- Wood, Carpet
- Building materials
- Wood Frame, Wood Siding
- Roof type
- Membrane, Shingle
Listing agent W Gerard Tatlock (207) 752-0407
Listing office CENTURY 21 Barbara Patterson 96 Portland Street, South Berwick, ME (207) 384-4008
Listing date Jun 2, 2026
MLS# 1601934
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Classic Victorian downtown South Berwick mixed‑use building with commercial office space and a 2‑bedroom apartment
- Two separate commercial office areas: Office 1 has 3 private offices plus reception; Office 2 has 2 private offices plus reception
- Each office has its own exterior entrance, supporting independent access for businesses
- Second floor 2‑bedroom apartment plus off‑street parking for businesses and tenants
- Upgrades include replacement windows, updated heating system, central air conditioning, and separate electrical services
- Public utilities: public water and public sewer; roof includes shingle and membrane materials
Overview
This classic Victorian property provides a mixed-use configuration with commercial office space and a residential unit. The building currently includes two office offerings with established businesses, plus a second-floor 2-bedroom apartment. Office 1 features three private offices and a reception area, while Office 2 includes two private offices and a reception area. Each office has its own exterior entrance. The property is very well maintained, with replacement windows, an updated heating system, central air conditioning, and separate electrical services.
Set in downtown South Berwick, the building offers strong visibility with a storefront-oriented presence on Portland Street. Off-street parking is provided for both business operations and tenants, supporting convenient access for visitors and residents. Existing leases are in place for all units.
For investors or owner-operators seeking a turn-key mixed-use setup, this property offers clear, compartmentalized space with distinct office entries and a separate residential layout. The combination of maintained building systems, central air, and separate electrical services can support long-term tenancy while giving commercial and residential occupants their own privacy and access.
Set in downtown South Berwick, the building offers strong visibility with a storefront-oriented presence on Portland Street. Off-street parking is provided for both business operations and tenants, supporting convenient access for visitors and residents. Existing leases are in place for all units.
For investors or owner-operators seeking a turn-key mixed-use setup, this property offers clear, compartmentalized space with distinct office entries and a separate residential layout. The combination of maintained building systems, central air, and separate electrical services can support long-term tenancy while giving commercial and residential occupants their own privacy and access.
Local 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 | $77.9k | $24.96 |
| − Vacancy | −$9.7k | −$3.12 |
| EGI | $68.1k | $21.84 |
| − OpEx | −$17.0k | −$5.46 |
| NOI | $51.1k | $16.38 |
3,120 SF · lease $24.96/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$730.1K
$638.8K – $851.8K
NOI $51,106 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$688.8K
$602.7K – $803.6K
NOI $48,217 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$989.0K
$865.4K – $1.15M
NOI $69,232 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Ham insurance
Insurance Agency
Location Insight
- Map
- Local Demand
- City
- South Berwick
- County
- York
- State
- Maine
- Longitude
- -70.8083585
- Latitude
- 43.2353626
FAQs
What type of property is this?
Office units - Well-maintained downtown building with two leased office suites and a second-floor 2-bedroom apartment.
Where is this office units located?
The property is located at 49 Portland Street South Berwick, ME.
What is the asking price?
The asking price for this property is $575,900.
What are key features of this property?
This property features: Classic Victorian downtown South Berwick mixed‑use building with commercial office space and a 2‑bedroom apartment; Two separate commercial office areas: Office 1 has 3 private offices plus reception; Office 2 has 2 private offices plus reception; Each office has its own exterior entrance, supporting independent access for businesses
