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    54 York St Portland, ME 04101

    Sponsored
    For Lease
    $360 /Mo

    1,605 SF Retail, Old Port Location

    Lot size:
    22,446 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail space, located at 54 York Street in Portland, Maine's vibrant Old Port district, offers 1,605 square feet of versatile commercial space. Situated on a 0.22-acre lot, this property boasts a highly desirable location at the corner of York and Maple Streets, benefitting from exceptional pedestrian traffic. The building, constructed in 1900, is a three-story structure with a total of 22,446 square feet. This specific unit is currently vacant and ready for immediate occupancy. The space features an overhead door and includes a 10x10 foot storage area. The property is zoned B5b and enjoys a walk score of 94, making it a "Walker's Paradise." Daily traffic counts on York Street exceed 19,990 vehicles. The minimum divisible space is 1,605 square feet, and the maximum contiguous space available is also 1,605 square feet. This presents a unique opportunity for businesses seeking high visibility and foot traffic in a thriving urban setting. The property is located in Cumberland County, Maine, with a zip code of 04101. This is a rare opportunity to establish a presence in one of Portland's most sought-after commercial districts.

    Property Features for 54 York St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,446 SF
    Total Rate
    360

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Retail Space
    Size
    1,605 SF
    Rate per SF
    $360
    Property Profile Location Intelligence

    Current Use by Public Records

    The Weldon Hotel Hotel

    Suggested Use

    Realty agency Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.256899353712
    Latitude
    43.652620155356

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    FAQs

    What type of property is this?
    Individual retail property - 1,605 SF Retail, Old Port Location
    Where is this individual retail property located?
    The property is located at 54 York St Portland, ME.
    What is the lease rate?
    The lease rate is $360 /Mo.
    Request Owner's contact information
    54 York St Portland, ME 04101
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    Portland, ME 04101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    54 York St Portland, ME 04101
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