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Downtown Portland Mixed-Use Building

540 Congress Street, Portland, ME

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For Sale

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Mixed-use building with retail and residential units in downtown Portland.

Type:RETAIL

Property size:

27,800 SF

Lot size:

0.58 Acres

Price / SF:

$107/SF

HighLights

Prominent visibility with frontage on both Congress Street & Free Street.
25,800± SF of climate‑controlled retail space on the 1st floor.
Mixed‑use building in the heart of downtown Portland.
Value‑add component through upstairs residential condominiums.
Art Deco style construction.
Four (4) leased residential condominiums on the 2nd floor.

We can help!

Listing Contact

Cameron Foster

For Sale

Contact for pricing

Mixed-use building with retail and residential units in downtown Portland.

Type:RETAIL

Property size:

27,800 SF

Lot size:

0.58 Acres

Price / SF:

$107/SF

Added:: Jul 9, 2025
Days on Market:: 340
Last Refresh:: May 19 at 10:35 pm

Property Features for 540 Congress Street

General Information

Standard status: Active
Size: 27,800 SF
Lot size: 0.58 Acres
Property subtype: RETAIL

Properties For Sale

at 540 Congress Street Contact us

We can help!

Listing Contact

Cameron Foster

Listing agent Cameron Foster

Listing office The Boulos Company

Listing date Jul 9, 2025

Source Moodyscre

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

HighLights

Prominent visibility with frontage on both Congress Street & Free Street.
25,800± SF of climate‑controlled retail space on the 1st floor.
Mixed‑use building in the heart of downtown Portland.
Value‑add component through upstairs residential condominiums.
Art Deco style construction.
Four (4) leased residential condominiums on the 2nd floor.

Overview

This mixed-use building, constructed in the Art Deco style, is situated in downtown Portland, offering prominent visibility with frontage on both Congress Street and Free Street. The first floor features a condominium built out as approximately 25,800 square feet of climate-controlled retail space, supported by approximately 1,800 square feet of warehouse space, and approximately 1,200 square feet of office space. The second floor comprises four leased residential condominiums, accessible via a stairwell on Congress Street. There is a value-add component through the upstairs residential condominiums and the potential for a new owner to build more units.

Property Profile Location Intelligence

Current Use by Public Records

Renys Department Store Department Store October Corporation Food Processing Plant

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Cumberland
State: Maine
Longitude: -70.2614
Latitude: 43.6555

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For sale
Mixed-use properties
ME
Portland
540 Congress Street

What type of property is this?

Mixed-use property - Mixed-use building with retail and residential units in downtown Portland.

Where is this mixed-use property located?

The property is located at 540 Congress Street Portland, ME.

What is the asking price?

The asking price for this property is $2,975,000.

What are key features of this property?

This property features: Prominent visibility with frontage on both Congress Street & Free Street.; 25,800± SF of climate‑controlled retail space on the 1st floor.; Mixed‑use building in the heart of downtown Portland.

540 Congress Street, Portland, ME

Mixed-use building with retail and residential units in downtown Portland.

Property Features for 540 Congress Street

General Information

Properties For Sale

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Commercial Building in Portland

Brick Retail Building with Seafood Use

West End Bed & Breakfast

Freestanding Divisible Office Building

Turnkey 10-Unit Multifamily

Portland Mixed-Use Investment Opportunity

Renovated Two-Unit Duplex

Eastern Promenade Colonial Revival Multifamily

Quadplex Condo Conversion Opportunity

Fully Leased Munjoy Hill Investment

Seven-Unit Brick Multifamily Building

West End Triplex Opportunity

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