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Two Adjoining Mixed-Use Properties

522-526 Washington Avenue, Portland, ME 04103

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New

For Sale

$1,140,000

COMMERCIAL - Portland, ME

Property size:

5,036 SF

Lot size:

0.33 Acres

Price / SF:

$226/SF

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Contact an agent

Briton Vitalius

HighLights

Two adjoining properties on Portland’s Washington Avenue corridor, available individually or as a package
Package includes a renovated commercial office building and a mixed‑use 2‑family with commercial space
Expansive combined parking footprint available with the package
Vinyl siding exterior with vinyl and wood flooring
Oil heating with baseboard heat; public water and public sewer
Includes a basement

For Sale

$1,140,000

COMMERCIAL - Portland, ME

Property size:

5,036 SF

Lot size:

0.33 Acres

Price / SF:

$226/SF

Added:: Jul 6, 2026
Days on Market:: 2
Last Refresh:: Jul 7 at 4:06 am

Property Features for 522-526 Washington Avenue

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: B2B
Rooms: Basement
Basement: Full, Unfinished
Standard status: Active
Size: 5,036 SF
Lot size: 0.33 Acres

Utilities

Sewer type: Public Sewer
Heating system: Baseboard, Oil
Water source: Public

Building Details

Flooring type: Vinyl, Wood
Building materials: Vinyl Siding

We can help!

Contact an agent

Briton Vitalius

Listing agent Briton Vitalius

Listing office Vitalius Real Estate Group, LLC 306 Congress Street, Suite 3, Portland, ME

Listing date Jul 6, 2026

MLS# 1662687

HighLights

Two adjoining properties on Portland’s Washington Avenue corridor, available individually or as a package
Package includes a renovated commercial office building and a mixed‑use 2‑family with commercial space
Expansive combined parking footprint available with the package
Vinyl siding exterior with vinyl and wood flooring
Oil heating with baseboard heat; public water and public sewer
Includes a basement

Overview

The offering consists of two adjoining properties at 522–526 Washington Avenue, Portland, available individually or as a package. The combined portfolio includes a renovated commercial office building and a mixed-use two-family with commercial space. The property configuration supports mixed uses within one acquisition, with separate components that can be operated or leased in a coordinated way.

Located along Portland’s Washington Avenue corridor, the properties benefit from high visibility. The remarks also note convenient access to I-295, Back Cove, and the Roux Institute campus. A combined parking footprint is available across the parcels, supporting day-to-day customer and tenant access.

This package is suited to investors seeking multiple streams through office and mixed-use components, or to owner-users who want to occupy one portion while leasing the other. The ability to acquire both parcels together or separately adds flexibility for underwriting and operations, while the existing improvements provide a ready foundation for continued leasing and use.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$136.0k	$27.00
− Vacancy	−$8.8k	−$1.76
EGI	$127.1k	$25.25
− OpEx	−$38.1k	−$7.57
NOI	$89.0k	$17.67

5,036 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,994 @ 7.0% cap · market cap 7.81%

Second Best

Apartment 5plus

$1.18M

$1.03M – $1.38M (±1% cap)

NOI $82,795 @ 7.0% cap · market cap 7.26%

Theoretical Best

Office A

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,890 @ 7.0% cap · market cap 8.50%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Cumberland
State: Maine
Longitude: -70.252053
Latitude: 43.665062

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For sale
Office buildings
ME
Portland
04103
522-526 Washington Avenue

What type of property is this?

Office building - Two adjoining parcels combining a renovated office building and a mixed-use two-family with commercial space, for flexible ownership.

Where is this office building located?

The property is located at 522-526 Washington Avenue Portland, ME.

What is the asking price?

The asking price for this property is $1,140,000.

What are key features of this property?

This property features: Two adjoining properties on Portland’s Washington Avenue corridor, available individually or as a package; Package includes a renovated commercial office building and a mixed‑use 2‑family with commercial space; Expansive combined parking footprint available with the package

522-526 Washington Avenue, Portland, ME 04103

COMMERCIAL - Portland, ME

Property Features for 522-526 Washington Avenue

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Office Building

Brick Retail Building with Seafood Use

Turnkey 10-Unit Multifamily

Three-Unit Multifamily with Garage

Three-Unit Double-Lot Residential Building

Eastern Promenade Colonial Revival Multifamily

Three-Unit Multifamily with Porches

Renovated Two-Unit Duplex

Four-Unit Residential Income Property

Partially Completed Four-Unit Residential

Mixed-Use Commercial Building

Well-Maintained 3-Unit Multifamily

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