South Portland Mixed-Use
For Sale
Contact for pricing
8 Cottage Road, South Portland, ME 04108
Mixed-use building in Knightville neighborhood, close to downtown Portland.
Property Size1,148 SF
Price / SF$387.63
Days on Market159
Property Features for 8 Cottage Road
General Information
Standard status
Active
Size
1,148 SF
Total Parking Spaces
6
Property subtype
Retail, Office, Mixed Use
Zoning
VE - Village Extension
Investment Type
Redevelopment
Building Details
Year Built
1940
Tenancy
Single
Listing Agency:
The Dunham Group
Listed By:
Greg Perry · License #db917310
Source:
Crexi
Added: May 18
Changed: Aug 25
Last Checked: Aug 14 at 6:08AM
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 Dunham Group
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Investment Insights
Based on property information with market context.
Located in the Knightville neighborhood of South Portland, 8 Cottage Road is a 1,148 square foot mixed-use building suitable for retail or office use. The property is less than 5 minutes by car from downtown Portland. The location benefits from foot traffic generated by residents, visitors, and nearby businesses. The surrounding area includes coffee shops, boutiques, restaurants, marinas, and parks. The area's mix of residential growth, waterfront activity, and local commerce creates an environment for retail, office, service, or mixed-use concepts. The property offers frontage on Cottage Road.
Key Highlights
- Prime location in the heart of South Portland's Knightville neighborhood, a highly desirable and walkable area.
- Mixed‑use building offering versatile business opportunities.
- Excellent accessibility, less than 5 minutes by car to downtown Portland.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,258
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,160
$285.2K
Cap Rate 7%
$203,686
$203.7K
Cap Rate 9%
$158,422
$158.4K
Market Conditions
NOI Build-Up for 1,148 SF
Gross rent
$24.8K $21.60/SF
− Vacancy
−$2.0K −$1.73/SF
EGI
$22.8K $19.87/SF
− OpEx
−$8.6K −$7.45/SF
NOI
$14.3K $12.42/SF
Area
Cumberland County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,160
Cap Rate 7%
$203,686
Cap Rate 9%
$158,422
Alternative Uses
Best Use
Mixed Use
$203.7K
$178.2K – $237.6K
NOI $14,258 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$315.5K
$276.1K – $368.1K
NOI $22,087 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
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Business Placement
Demographics for 04108, ME
907
Population
1,059
Households
0.9
Avg Household Size
57
Median Age
70%
College-Educated
97%
High-School Grad
1.2 sq mi
ZIP Area
756
Density / Sq Mi
$84,120
Median Household Income
$45,000
Median Earnings
$1,484
Median Rent
$488,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building in Knightville neighborhood, close to downtown Portland.
Where is this mixed-use property located?
The property is located at 8 Cottage Road South Portland, ME.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Prime location in the heart of South Portland's Knightville neighborhood, a highly desirable and walkable area.; Mixed‑use building offering versatile business opportunities.; Excellent accessibility, less than 5 minutes by car to downtown Portland.
