Portland Mixed-Use Investment
For Sale
Contact for pricing
522 Washington Ave, Portland, ME 04103
Two adjoining properties with income and upside potential near downtown.
Property SizeContact for details
Days on Market106
Property Features for 522 Washington Ave
General Information
Standard status
Active
Property subtype
MULTIFAMILY
Listing Agency:
Vitalius Real Estate Group
(207) 318-2555
Listed By:
Brit Vitalius · License #BR918132
(207) 318-2555
Source:
Moodyscre
Added: May 18
Changed: Aug 26
Last Checked: Aug 31 at 12:38AM
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 Vitalius Real Estate Group
Investment Insights
Based on property information with market context.
This offering presents a rare opportunity to acquire two adjoining properties situated on Portland's highly visible Washington Avenue corridor. These properties are available either individually or as a combined package. The offering includes a renovated commercial office building and a mixed-use two-family property that also features commercial space. This combination provides versatility suitable for both investors and owner-users. The combined package provides an expansive parking footprint, a feature rarely found so close to the downtown area. The location offers convenient access to I-295, Back Cove, and the Roux Institute campus. The properties currently generate strong income, with the potential for additional upside through the lease-up of available space.
Key Highlights
- Expansive combined parking footprint rarely found close to downtown.
- Two adjoining properties on high‑visibility Washington Avenue corridor.
- Versatile combination of renovated commercial office building and mixed‑use 2‑family with commercial space.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two adjoining properties with income and upside potential near downtown.
Where is this mixed-use property located?
The property is located at 522 Washington Ave Portland, ME.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Expansive combined parking footprint rarely found close to downtown.; Two adjoining properties on high‑visibility Washington Avenue corridor.; Versatile combination of renovated commercial office building and mixed‑use 2‑family with commercial space.
