161 Commercial StPortland, ME 04101

This exceptional six-story mixed-use building, located at 161 Commercial Street in Portland, Maine's vibrant Old Port district, offers 18,754 square feet of space. Built in 1850 and boasting classic Greek Revival architecture, the property currently houses a mix of retail and office tenants, providing immediate income potential. The building's B3 zoning allows for a variety of uses. The asking price is $5,495,000, translating to $293 per square foot. Situated at the corner of Commercial and Market Streets, this landmark property benefits from high visibility and foot traffic. Its historic character, combined with potential for future residential conversion (subject to approvals) and eligibility for historic tax credits, makes it an attractive investment. The property features water views and convenient access to I-295. The building's one-building structure is comprised of six stories and sits on a parcel with APN 05170_032 S004. This fully tenanted asset presents a rare opportunity to acquire a significant piece of Portland's rich history and thriving commercial landscape. The property is owned by 161 Commercial Street LLC.